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Money And Banking

Question

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Why are Post office savings banks not treated as banks?

Solution

Solution not provided.

Tips: -

Because they do not perform bank's essential function of lending.

Some More Questions From Money And Banking Chapter

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.

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Define a bank.

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