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Class 12 money and banking conclusion

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Class 12 money and banking conclusion

Posted by Sonu Kushwaha 5 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Ayushi Malik 5 years, 11 months ago

1. Money and supply of money: Money is the common medium of exchange among the masses. Money supply: (i) currency held by the public ( CU ), (ii) net demand deposit held by the commercial banks ( DD ). 2. Money creation by bank . 3. Central Bank and its function: (i) authority of currency issue (ii) govt. bank (iii) banker's bank (iv) controller of credit: 1.) Bank rate policy, 2.) Open market operations, 3.) LRR, 4.) Repo rate, 5.) Reverse repo rate. That's all

Ayushi Malik 5 years, 11 months ago

I am just writing the heading and sub headings

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