WebKey term. Definition. Bank. (sometimes called a commercial bank) A financial institution that accepts deposits and makes loans; banks are sometimes referred to as “depository institutions.”. Central bank. (sometimes called a reserve bank or banking authority) an institution that manages a country’s money supply and monetary policy. Web2 dec. 2024 · This topic is also taught in class 12 Economics! It is the maximum limit to which money supply can be affected by bringing changes in the number of money …
Evolution of Money - SlideShare
WebNational Council of Educational Research and Training Web18 dec. 2024 · Features of the money supply: It includes money help from the public only. The term public signifies the money using sector, i.e., individuals and business firms. It … gazte arruntaren koplak letra
[Latest] Money And Banking Class 12 Eco Unit 2 Best Notes
WebLegal Definitions of Money Supply: The value of the currency notes and coins is derived from the guarantee provided by the issuing authority (the RBI) The value of the paper … Web7 apr. 2024 · 2. Secondary Functions of Money. The secondary function can be further segregated into three parts as mentioned below –. Store of Value. Being crucial functions of money, it can be stored or conserved. One can store it for future purposes, and it is economical as well as convenient to store money. Standard of Deferred Payments. Web24 aug. 2024 · 18.Assertion (A): Central bank uses many tools such as Bank rate, repo rate, reverse repo rate etc. to control money supply in the economy. Reason (R): Central bank is the apex Bank of India. Alternatives: A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). autobus 224 vuelta