(i) People who live in a particular place or those who are involved in a certain work join together as a group and start saving.
(ii) These are called as Self Help Groups (SHG).

(i) Money is used as a store of purchasing power.
(ii) It can be used to finance future payments.

(i) Growing crops and production are done on a commercial basis, rather than on a subsistence level.
(ii) This phenomenon also increased the importance of the market and money.

A major portion of the savings in banks are used for the development of industries, economic growth and various development schemes for the welfare of the poor

(i) ATM means Automated Teller Machine.
(ii) One can easily withdraw the necessary amount from ATM with the help of an ATM Debit card.
(iii) One can easily withdraw money needed at any time at ATMs located everywhere.

(i) In 1925, the British government established a government press at Nasik in Maharashtra.
(ii) Currencies were printed three years later.
(iii) In 1974, a press was started in Dewas, Madhya Pradesh.
(iv) In the 1990s two more presses were started in Mysuru, Karnataka and Salboni in West Bengal to print banknotes.
(v) The Reserve Bank of India has the authority to decide the value of currency to be printed and how the amount should reach its destination safely.
(vi) Though the RBI has the power to print up to ten-thousand-rupee notes, at present a maximum of up to rupees two thousand is printed.

(i) The relationship between money and price is connected with the Monetary policy.
(ii) There is a close relationship between the growth of money supply and inflation.
(iii) Price controls play a very important role in a country's economic stability.
(iv) This role is played by RBI.
(v) Currency is the medium of exchange in a country.
(vi) The Indian currency is called the Indian Rupee (INR).
(vii) In a country the foreign currency is called foreign exchange.
(viii) Purchasing capacity of all currencies in the world are compared using the US dollar as the standard currency.
(ix) This value differs from country to country.
(x) Most of the international trade transactions are carried out in US dollar

(i) Educational loan attempts to meet the educational aspirations of the society.
(ii) A student is the main borrower.
(iii) A parent, spouse or sibling can be the co-applicant.
(iv) It is offered to students who want to pursue higher education in India or overseas.
(v) It can be taken for a full time, part-time or vocational course and Graduation or Post Graduation.
(vi) There is no security required for the loan amount up to 4 lakhs.
(vii) The loan is repaid by the student generally after the employment.
(viii) Students can apply through "Vidya Lakshmi Portal Education Loan Scheme.