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Welcome to School24x7! In this video, we begin Class 10 Economics Chapter 3 – Money and Credit (Part 1), one of the most important chapters to understand how the modern economy functions. This lecture explains what money is, why money is necessary, how it works as a medium of exchange, and how modern forms of money like banks and deposits have replaced the barter system. All concepts are explained in a simple, logical, and NCERT-based manner, making it perfect for board exam preparation. 📘 Topics Covered in This Video: 🔹 1. Money as a Medium of Exchange Meaning of money Problems of barter system How money solves the double coincidence of wants Exchange of goods and services using money Role of money in daily economic activities 🔹 2. Modern Forms of Money Currency (notes and coins) Legal status of currency issued by the government Bank deposits as money Role of banks in holding people’s savings Cheque as a mode of payment Advantages of using bank money 🎯 What You Will Learn: ✔ Why money is called a medium of exchange ✔ Difference between barter system and money economy ✔ Types of modern money used today ✔ Role of banks in the modern economy ✔ NCERT-based concepts for writing exam answers 📚 Perfect For: Class 10 CBSE & NCERT Students Board exam preparation Students learning fundamentals of money and banking 🔔 Subscribe to School24x7 for complete NCERT Economics, Geography, History, Science & Maths lectures. 👍 Like, Share & Comment your doubts — we’ll clear them step by step! Class 10 Economics Chapter 3 Money and Credit Money and Credit Part 1 full explanation Money as a medium of exchange Class 10 Modern forms of money Class 10 Economics NCERT Money and Credit chapter explanation Money and Credit one shot Class 10 CBSE Class 10 Economics Chapter 3 notes Money and Credit important questions Money and Credit chapter summary Money and Credit board exam preparation Class 10 Economics Money chapter easy explanation Money and Credit lecture in Hindi/English #Class10Economics #MoneyAndCredit #MoneyAsMediumOfExchange #ModernFormsOfMoney #NCERTEconomics #CBSEClass10 #EconomicsChapter3 #MoneyAndCreditClass10 #Class10BoardExam #CBSEEconomics #MoneyExplanation #CreditSystem #CurrencyAndMoney #BankingSystem #Class10SocialScience #EconomicsNotes #EconomicsOneShot #BoardExam2026 #CBSE2026 #MoneyAndCreditPart1 Class 10th Maths – Complete NCERT Chapterwise Series | School 24x7: • 📕Class 10th Maths – Complete NCERT Chapter... class 10th Economics – Understanding Economic Development: • 📕Class 10th Economics – Understanding Econ... Class 10th Geography – Contemporary India - II: • 📕Class 10th Geography – Contemporary India... Class 9th Science Full Chapter Wise NCERT Course | CBSE 2025-26 | School 24x7: • 📘Class 9th Science Full Chapter Wise NCERT... Class 10 Science Full NCERT Course | Chapter-wise Complete Preparation | School 24x7: • 📕Class 10 Science Full NCERT Course | Chap... Class 9th Mathematics: • 📘Class 9th Maths – Complete NCERT Chapterw... Class 10 Science Full NCERT Course | Chapter-wise Complete Preparation | School 24x7: • 📕Class 10 Science Full NCERT Course | Chap... Class 9th Science Full Chapter Wise NCERT Course | CBSE 2025-26 | School 24x7: • 📘Class 9th Science Full Chapter Wise NCERT... Foundation to Advance: Class 9 & 10 Maths Explained: • Плейлист Class 9th History - India and contemporary world I: • 📘Class 9th History - India and contemporar... class 10th History – India and the Contemporary World - II: • 📕Class 10th History – India and the Contem... Class 9th Civics – Complete NCERT Series | School 24x7: • 📘Class 9th Civics – Complete NCERT Series ... Class 10th Political Science (Civics) – Democratic Politics - II: • 📕Class 10th Political Science (Civics) – D...