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प्रश्न
State the advantage of a credit card over currency notes.
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उत्तर
- Credit cards minimize the need to carry significant amounts of cash and enable for convenient purchases anywhere, including online.
- Unlike currency notes, which can be permanently lost, credit cards provide protection against theft or loss and allow you to block the card.
- Credit cards provide you access to a line of credit, allowing you to make purchases even if you don't have enough money at the time.
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संबंधित प्रश्न
Banks are able to create credit many times more than initial deposits through ______.
The ______ creation is called credit creation.
______ is the rate of interest charged by the central bank on loans given to the commercial bank.
What do you mean by credit creation by commercial banks?
Suppose in an economy, the initial deposit of ₹ 400 crores lead to the creation of total deposits worth ₹ 4000 crore. Then the value of reserve requirements would be ______.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Credit Creation comes to an end when total cash reserves become equal to the initial deposits.
Reason (R): The value of money multiplier is determined by Legal Reserve Ratio (LRR).
What is meant by credit creation?
What is meant by primary deposits?
Which factor most directly limits credit creation?
Poor banking habits limit credit creation by ______.
