Define in one sentence of the following terms:1. Barter2. Forms of Mon – InterviewSolution

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1.	Define in one sentence of the following terms:1. Barter2. Forms of Money3. Deposits4.Savings5. Loan6. Interest7. Cheque
Answer» Barter: Exchange goods or services for other goods and services Forms of Money: Coins, notes, Hundis, receipts, bills, etc. Deposits: Put down in a specific account. Savings: A reduction in money expenditure for future purposes. Loan: A sum of money that is Pent to someone. Interest: Money paid for the use of money that is being lent Cheque: A written order to a bank to pay a stated sum from an account to a specified person.

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