‘Money and Credit’ of the NCERT Class 10 Economics deals with one of the most critical aspects of the Economy, i.e., money and credit. Students will study money as a medium of exchange among people and how credit is distributed among the people in a country. Certain concepts, including, Double Coincidence of Wants, Modern Forms of Money, Barter System and Credit situations, have been discussed in this chapter.
The credit situation in the country and terms of credit have been discussed in detail in this chapter. The formal and the informal sector of loans are given along examples, case studies and also how the self-help groups help in the development of country have been given in this chapter.