1.

Write the meaning of Money supply.

Answer»

1. In India, currency notes are issued by the Reserve Bank of India (RBI) and coins are issued by the Ministry of Finance, Government of India (GOI). 

2. Besides these, the balance is savings, or current account deposits, held by the public in commercial banks is also considered money. 

3. The currency notes are also called fiat money and legal tenders.



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