Institute: Central Board of Secondary Education (CBSE)
Topic: Introductory Macroeconomics - Money and Banking
shaalaa.com | Money and Banking Part 1
- Money -its meaning and functions.
- Supply of money - Currency held by the public and net demand deposits held by commercial banks.
- Money creation by the commercial banking system.
- Central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker's Bank, Control of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.