Creation of credit is one of the most outstanding function of modern banks. The commercial banks create multiple expansion of their bank deposits and due to this have some times been called "Manufacturers of Credit". The notes and currency issued by the Central Bank is not the only form of money.The supply of money also includes the only form of money. The supply of money also includes some sort of credit money. in addition to real cash money.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment