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Money and credit class 10 notes

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Notes of Ch 3 Money and Credit| Class 10th Economics

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Money and credit class 10 - video Dailymotion

If the borrower fails to repay the loan, the lender has the right to sell the asset or collateral to obtain payment. Interest rate, collateral and documentation requirement and the mode of repayment, together is called the terms of credit. It may vary depending on the nature of the lender and the borrower. money and credit class 10 notes

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Money and Credit Class 10 Notes