Assignment On Money And Banking Class 12
Description
How to fill out Assignment Of Money Due?
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FAQ
The formula for money and banking class 12 is Deposit Multiplier = 1/LRR Total Deposit creation = Initial deposit X 1/LRR. What is the bank of issuing notes Class 12? All the currency notes are issued by the Reserve Bank of India.
Answer: The static functions of money are: Money works as a medium of exchange. It helps to measure the value of a good or service. Money plays an important role in lending and borrowing. A person can store the purchasing power of money.
The 4 different types of money as classified by the economists are commercial money, fiduciary money, fiat money, commodity money. Money whose value comes from a commodity of which it is made is known as commodity money.
One is to study the role played by banks in modern monetary economies and financial markets, including issues arising from bank regulation, the role of banks in financial intermediation, and the significance of bank behaviour in monetary policy.
They are fiat money, commodity money, fiduciary money, and commercial bank money.
