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Credit Creation
SUBJECT : Economics
PUBLISHED ON : 28/10/14
NUMBER OF PAGES : ( 12 Pages)
PRICE : Rs 9

Commercial banks play a very significant role in the supply of money in the economy by creation of credit. Commercial banks deal in money. That is, they borrow money from those who have surplus and lend it to those who are in need. Therefore, they are called the purveyors of money According to R.S. Sayers "Banks are not-merely purveyors of money but also in an important sense manufacturers of money". Commercial banks create bank money or deposit money. Bank money refers to bank deposits created by banks.

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