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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit3 Marks
Question
Explain with examples, how people are involved with the banks.
✓

Answer

People are involved with the banks in the following ways:
  1. Banks are essential for money transaction everywhere.
  2. Banks help in providing employment to the people.
  3. People can safely keep their jewellery and other valuables in the bank lockers.

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