Revision Notes For Class 12 Economics Macroeconomics Chapter 3 Money And Banking

Money And Banking is a chapter that briefly explains about the monetary system. This chapter comprises of various concepts barter system, barter economy, difficulties of barter system, money, functions of money – primary function, secondary function of money, contingent functions , fiat money, fiduciary money, money supplier, high powered money, banking, commercial bank, central bank, functions of commercial bank, functions of central banks (RBI), cash reserve ratio (CRR), statutory reserve ratio (SLR).

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