Commercial bank plays no role in …
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Posted by Aditi Singh 5 years, 2 months ago
- 2 answers
Gaurav Seth 5 years, 2 months ago
False
Commercial banks play the important role of 'money creator' in the economy. They have the capacity to generate credit through demand deposits. These demand deposits make credit more than the initial deposits. The money supply in the economy will increase by the amount (times) of credit multiplier.
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Aditi Singh 5 years, 2 months ago
0Thank You