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Money And Banking

Question

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What is a cheque?

Solution

A cheque is an instrument that instructs the bank to transfer funds from the cheque’s issuer’s account to the receiver of the cheque.

Some More Questions From Money And Banking Chapter

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.

What is liquidity trap?

What monetary system does India follow?

Define money supply?

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