Chapter 3: Money And Banking
NCERT solutions for Class 12 Economics - Introductory Macroeconomics Chapter 3 Money And Banking Exercise [Page 50]
What is a barter system? What are its drawbacks?
What are the main functions of money? How does money overcome the shortcomings of a barter system?
What is transaction demand for money? How is it related to the value of transactions over a specified period of time?
What are the alternative definitions of money supply in India?
What is a ‘legal tender’? What is ‘fiat money’?
What is High Powered Money?
Explain the functions of a commercial bank.
What is money multiplier? What determines the value of this multiplier?
What are the instruments of monetary policy of RBI?
Do you consider a commercial bank ‘creator of money’ in the economy’?
Chapter 3: Money And Banking
NCERT solutions for Class 12 Economics - Introductory Macroeconomics chapter 3 - Money And Banking
NCERT solutions for Class 12 Economics - Introductory Macroeconomics chapter 3 (Money And Banking) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the CBSE Class 12 Economics - Introductory Macroeconomics solutions in a manner that help students grasp basic concepts better and faster.
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Concepts covered in Class 12 Economics - Introductory Macroeconomics chapter 3 Money And Banking are Function of Money - Secondary Functions, Standard of Deferred Payment, Money - Store of Value, Money - Transfer of Value, Meaning of Supply of Money, Concept of Barter Exchange, Difficulties Involved in the Barter Exchange, Monetary Payments, Commercial Banks, Currency Held by the Public and Net Demand Deposits Held by Commercial Banks, Money Creation Or Credit Creation by the Commercial Banking System, Function of Central bank - Bank of Issue, Meaning of Money, Function of Money - Primary Function, Central bank Function - Goverment Bank, Central Bank Function - Banker's Bank, Central Bank Function - Controller of Credit, Control of Credit Through Bank Rate, Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), Demand for Money, Policy Tools to Control Money Supply, Balance Sheet of a Fictional Bank, Limits to Credit Creation and Money Multiplier, Definition - Central Bank, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin Requirement.
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