CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

Commercial banks create money by way of:



A

Time deposits

loader
B

Demand deposits

loader
C

Treasury bills

loader
D

Bill of exchange

loader

Solution

The correct option is A

Demand deposits


Using demand deposits, commercial banks create money. 


Economics

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
People also searched for
View More



footer-image