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Currency is issued by the central …

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Currency is issued by the central bank, yet we say that commercial banks create money. Explain. how is this money creation by commercial banks likely to affect the national income ?explain.

Posted by Tanvi Garg 4 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Saloni Kaushik 4 years, 2 months ago

This is because of the concept of credit creation they take money and give at loans

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Explain the limitation of GDP as wellfare

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CBSE > Class 12 > Economics