☰
✕

Money And Banking
Question
Wired Faculty App

What is credit money?

Answer

It refers to that money whose value as money (i.e., face value) is more than intrinsic value, i.e., commodity value of the-material money is made of, e.g., cheques, drafts, notes etc.

Sponsor Area

Some More Questions From Money And Banking Chapter

Write short notes on the following:
Standard and Token coins.

Write short notes on the following:
Credit money

What is High Powered Money?
or
Write short notes on the following:
High powered money.

What is liquidity trap?

What monetary system does India follow?

Define money supply?  

What are the alternative definitions of money supply in India?
or
Describe alternative measures of money supply as used by RBI in India.