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Money And Banking

Question

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Give legal definition of money.

Solution

‘Money is what the law says it is’.

Some More Questions From Money And Banking Chapter

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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