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Q. Describe the working of Commercial banks?
Fact that currency inside commercial banks isn't money may strike you as odd though it is an important principle. 100 dollar bill in the ATM will become money only at the instant you withdraw it. The reason is this. We want the money supply to measure how much is available for immediate consumption. Though currency inside a bank can't be used for consumption and this is why it isn't counted in the money supply. Cash in the bank isn't money though the binary bits in the bank's computer system representing the balance in your checking account are?
An illustration may also explain this important fact:
Although currency inside a bank isn't money, it's still part of the monetary base. 100 euro inside the bank is clearly still worth 100 euro to the bank although we don't include it in the money supply.
Those economists who believe that monetary policy is more potent than fiscal policy argue that the: A) Responsiveness of money demand to the interest rate is large. B) Responsive
A recent article in the Cincinnati Enquirer reported that the mean labor cost to repair a heat pump is $90 with a standard deviation of $22. Montes plumbing and Heating Service com
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What is income generation process
#five differnces between a monopoly market and a monopolistic market
Hello sir, madam... I am hassan PHD student. I''m lost to get a good frame work of my thesis about e government and economic growth. and I need to know how to measure the variable
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