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Money And Banking

Question

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How can money be defined?

Solution

Money may be defined “anything that is generally accepted by the people in exchange of goods and services or in payment of debts”.

Some More Questions From Money And Banking Chapter

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.

What is ‘High Powered Money’?

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