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    EXTENSION OF INR With RBI Money is anything that is generally accepted as payment for goods and services and repayment of debts. It is :a medium of exchange - a unit of account -a store of value -a standard of deferred payment. FIAT MONEY Difficult to carry Wear and Tear Counterfeiting Excessive use of paper Wastage of time Installation of device In anks, shopping malls, retail outlets, jewellery shops

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    EXTENSION OF INR With RBI Money is anything that is generally accepted as payment for goods and services and repayment of debts. It is :a medium of exchange - a unit of account -a store of value -a standard of deferred payment. FIAT MONEY Difficult to carry Wear and Tear Counterfeiting Excessive use of paper Wastage of time Installation of device In anks, shopping malls, retail outlets, jewellery shops

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    7 views14 pages

    Presentation

    Uploaded by

    hitu4all
    EXTENSION OF INR With RBI Money is anything that is generally accepted as payment for goods and services and repayment of debts. It is :a medium of exchange - a unit of account -a store of value -a standard of deferred payment. FIAT MONEY Difficult to carry Wear and Tear Counterfeiting Excessive use of paper Wastage of time Installation of device In anks, shopping malls, retail outlets, jewellery shops

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 14

    EXTENSION OF INR

    With RBI

    Money is anything that is generally accepted as payment for goods and services and repayment of debts It is a :- a medium of exchange - a unit of account - a store of value -a standard of deferred payment

    BARTER SYSTEM

    COMMODITIES

    METAL COINS

    PAPER CURRENCY

    FIAT MONEY

    Difficult to carry Wear and Tear Counterfeiting Excessive use of paper Wastage of time

    10000 20000 50000 100000

    Card Made of Fibre ar code

    Easy to carry To prevent wear and tear To stop counterfeiting To minimize the use of paper To save time

    Installation of device In anks, shopping malls, retail outlets, jewellery shops , electronic megastores, automobiles shops , hotels

    Easy to carry Security Long- life Less use of paper Cost-cutting

    Non-perishable Loss due to carelessness

    Thank You
    - Nidhi Chandra - Manish Misruf - Rajesh Pareek - Hitesh Waghela

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