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Explain any two function of central …

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Explain any two function of central bank ? OR Explain standard of deferred payment function of money. How it solved the related problem created by barter?

Posted by Diwakar Kumar Gautam Abc 3 years, 9 months ago

CBSE > Class 12 > Economics

1 answers

Deepanshu Jha 3 years, 9 months ago

They have a legal right to issue the currency except one rupees note one rupees currency .they are banker bank that mean as the commercial bank are the banker of the people similarly RBI is the banker of the commercial bank. In barter system there is a exchange of goods for the goods. At the time of repayment the borrower does not give the same quality of good so.. they are violated these thing by the barter system

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