NCERT · Class 10 · Social Science · Economics: Money and CreditWhat do people hold with banks as deposits?
Step-by-Step Solution
People hold extra cash as deposits with banks. Banks accept these deposits and also pay an interest rate on the deposits.
Detailed Options Breakdown
Option : Only loans
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 1: Extra cash as deposits (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Only gold jewellery
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
Option 3: Property documents only
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Money and Credit.
💡 Study Guide: This question tests core syllabus concepts from Economics: Money and Credit. For formulas, key summaries, and mock exam reference guides, read the full Economics: Money and Credit Revision Notes.