CBSE Class–12 Economics Macro Economics Chapter 3 – Money and Banking Revision Notes Money: Money may be defined as anything which is generally acceptable as a medium of exchange ...
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...Cbse class economics macro chapter money and banking revision notes may be defined as anything which is generally acceptable a medium of exchange at the same time acts measure store value standard deferred payment functions primary b common or unit secondary c transfer contingent basis credit liquidity price mechanism d maximum profit to producers e satisfaction consumers f distribution income barter it implies direct goods for without use difficulties involved in lack www vedantu com double coincidence wants lacks payments divisibility difficulty services supply total stock currency coins demand deposit banks circulation are held by public given point does not include cash balance central state govt system country they actual measures net deposits commercial m dd od with other post office savings saving organisation excluding on nsc financial institution who accepts from provide loans facilities investment aim earning accepting advancing discounting bill i agency function fund collect...