Money and credit and banking communication system

Money and credit and banking communication system

1. Money and Credit

2. Overview of Key Topics Topics Covered: Analysis of income, capital, poverty, and employment Historical context of trade and money in ancient India The role of money as a medium of exchange Various sources of credit Significance of self-help groups

3. Evolution of Money as a Medium of Exchange Ancient Times: Barter System: Exchange of goods and services Commodity Money: Use of precious metals, shells Medieval Period: Metal Coins: Standardized currency Modern Times: Paper Money: Banknotes and currency notes Digital Money: Electronic transactions and cryptocurrencies

4. Sources of Credit Formal Sector: Banks: Types and services Cooperative Societies: Community-based lending Microfinance Institutions: Small-scale loans Informal Sector: Moneylenders: Risks and benefits Friends and Family: Personal loans

5. Group Discussion: Role of Money as Medium of Exchange Activity: Discuss how money facilitates transactions from ancient times to present Key Points: Efficiency of transactions Comparison with barter system Impact on economic growth

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