Babanrao deposits his money in a nationalized bank. - Vidyadip

Question

Babanrao deposits his money in a nationalized bank.

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Answer

Bank Money.
Bank money or credit money refers to cash deposits saved by people. It can be withdrawn or transferred or demanded by means of cheque, draft, etc. In the above case, it is bank money, because Mr. Babanrao deposits his cash into the bank as deposits.

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