This document discusses substitutes for money that were developed through banks to help solve problems with exchanging money in trading activities. It notes that demand drafts, cheques, and ATM/debit cards serve as new methods of substitutes for money. Demand drafts can be cashed through banks and were given in exchange for remitted money. Cheques allow account holders to withdraw money or pay others instead of using physical money, and the recipient can then cash the cheque through the bank. ATM/debit cards serve as the medium for customers to withdraw money from their accounts through automated teller machines at any time.

1. WELCOME

2. NAME : SREELEKSHMI S. L.
SUBJECT : SOCIAL SCIENCE
COLLEGE : NEW B.ED. COLLEGE NELLIMOODU
CANDIDATE CODE : 169/13376033

3. TOPIC : SUBSTITUTE FOR MONEY

4. Exchanging money soon became a big
problem in trading activities. These
problems were solved through banks. The
draft & cheques issued by the bank can be
used as money.

5. TRADE
Trade is the continuous process
of the exchange of commodities
& Services. Trade is two type
Domestic trade & international
trade.

6. NEW METHOD OF SUBSTITUTE FOR MONEY
• Demand draft (DD)
• Cheques
• ATM/Debit Card

7. DEMAND DRAFT
Demand Draft is a document given by
the banks in return for the money
remitted by individuals or firms. The
D.D. can be cashed with the help of
banks.

8. CHEQUE
Cheque is document given by the banks to
the account holders. This can be used by the
account holder to withdraw money or give to
others instead of money. The person who
receives the cheque can enchash it from the
account of the given with the help of the bank

9. ATM/DEBIT CARDS
Automatic teller Machines (ATMs) are mini
banks with no staff. To customers can
withdraw money from their account through
these machiens at any time. ATM/Debit card
are the medium used for this. This plastic
card bears a unique number for the holders.

10. THANK YOU