Interline Publishing
 info@interlinepublishing.com +91 98867 328 23 / 24 / 25   +91 80 2333 2824 Sign Up   Sign In
Interline Publishing
Skip to Reader

Procedure video

     
Credit Creation
SUBJECT : Economics
AUTHOR : KSOU
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.


 
Home
About Us
Payments
Contact Us
Claims
Help
Advertising Guidelines
Safe and Secure Payment
All major credit and debit cards are accepted.
Policies: Terms of Use | Privacy    Copyright © 2019 Interline Publishing. All rights reserved.