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Money And Banking

Question

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What is money supply?

Solution

Money supply means total supply of all forms of money in circulation held by the public at any particular point of time.

Some More Questions From Money And Banking Chapter

What is a ‘legal tender’? What is ‘fiat money’?

Distinguish between limited legal tender and unlimited legal tender.

Give functional definition of money.

Give narrow definition and broad definition of money.

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.

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