Money And Banking

Question

What is credit money?

Solution

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.

Some More Questions From Money And Banking Chapter

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

For Daily Free Study Material Join wiredfaculty

Money And Banking

What is credit money?

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.

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Location

For Daily Free Study Material Join wiredfaculty

Money And Banking

What is credit money?

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?orWrite 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?orDescribe alternative measures of money supply as used by RBI in India.

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

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