English

What is money multiplier?

Advertisements
Advertisements

Question

What is money multiplier?

One Line Answer
Advertisements

Solution

Money Multiplier is the multiple by which total deposit increases due to initial deposits (primary deposits).

shaalaa.com
  Is there an error in this question or solution?
Chapter 8: Commercial Banks - QUESTION BANK [Page 220]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 8 Commercial Banks
QUESTION BANK | Q 15. (i) | Page 220
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 7 Commercial Banks
QUESTION BANK | Q 15. (i) | Page 174
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×