"Legal tender Currency in a country is issued by the central bank, yet the commercial banks create money". Evaluate the statement with the help of a numerical example how is the money creation by commercial banks likely to affect the national income of the country?

"Legal tender Currency in a country is issued by the central bank, yet

1.	"Legal tender Currency in a country is issued by the central bank, yet the commercial banks create money". Evaluate the statement with the help of a numerical example how is the money creation by commercial banks likely to affect the national income of the country?
Answer» tion:the all work to earn income our prosperity or property depends on the income this is true of a country alsonational income refers to the total value of GOODS and services produced and in our country Simon kuznets has define national income has the net output of commodities and service flowing during the year from the countries productive system in the hands of the uLimited consumers measuring the levels and RATE of growth national income is important for observation the rate of economic growth CHANGES in average living standard changes in the distribution of income the national income of country in 2011 is divided by the population of country in that year National income 2011 per capital income in 2011 population in 2011 in India the CENTRAL statistical organisation EMITS and publisher the national income data the national income of India has grown from rupees 269724 crore in 1950 to 1951 to rupees 9400 to 66 crore in 2014 to 15 I hope it will help to you please follow me and mark me as brain list