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How did credit creation function of …

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How did credit creation function of Commercial Bank will be helpful for the growth and development of the economy

    • Posted by Ananya Singh 1 year, 11 months ago

    CBSE > Class 10 > Social Science
    • 2 answers

    Simran Yadav 1 year, 10 months ago

    It facilitates various economic activities like 1.Production 2.Distribution 3.Consumption For this purposes centeral bank has to depend upon the reserves of commercial banks which are secondary source of money supply.

    1Thank You

    Pushp Verma 1 year, 11 months ago

    1. Cheap credit 2. Easy to repay 3. More income to individual 4. Earnings to bank These are key points if this answer. You can elaborate them and give an example of your choice.

    2Thank You

    ANSWER
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