HSC Science (Computer Science) 12th Board ExamMaharashtra State Board
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Solution for Clearing House System Economises the Use of Cash. - HSC Science (Computer Science) 12th Board Exam - Economics

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Question

Clearing house system economises the use of cash.

Solution

True. The clearing house function implies that the Central Bank settles inter-bank claims of the commercial bank. In this way it reduces the need for cash reserves by the commercial bank, thereby economising the use of cash

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Solution for question: Clearing House System Economises the Use of Cash. concept: Central Bank Function - Banker's Bank. For the courses HSC Science (Computer Science), HSC Commerce, HSC Science (Electronics), HSC Arts, HSC Commerce (Marketing and Salesmanship), HSC Science (General)
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