File Name: money and banking notes class 12.zip
NCERT Class 12 Economics Chapter Money and Banking Notes have been largely compiled by teachers with near to 20 years of experience and after studying the last ten years of examination papers. Further, they are all designed with the latest academic year subject material so that any difference in the syllabus is accounted for as well.
The government issues an order stating what is money?
This is a textual description of commercial bank, credit creation by commercial bank, central bank and its functions. Commercial bank is a financial institution which performs the functions of accepting deposits from the public and making loans and investments, with the motive of earning profit. Let us also assume that all receipts and payments in the economy are routed through the banks.
Functions of Money: 1. Primary Functions a. Medium of exchange b. Common measure of value or unit of value 2. Secondary Functions a. Standard of deferred payment b.
The revision notes help you revise the whole chapter 6 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days. Barter Exchange: It implies the direct exchange of goods for goods without the use of money. Supply of Money: Total stock of money currency notes, coins and demand deposit of banks in circulation are held by the public at a given point of time. Supply of money does not include cash balance held by central and state govt. Commercial Banks: Commercial Banks are financial institution who accepts deposits from the public and provide loans facilities for investment with the aim of earning profit.
Barter System Barter system means the direct exchange of one commodity to another. Barter Economy can be termed as C-C economy i. Commodity for Commodity economy. Difficulties of Barter System i Lack of double coincidence ii Lack of divisibility iii Lack of common measure iv Difficulty of storage and transfer of wealth v Difficulty in deferred payment vi Difficulty in the exchange of services. Money Money is anything that is generally acceptable as a means of exchange and at the same time, act as a measure and as a store of value. Functions of Money i Primary Function a Medium of exchange b Measure of value ii Secondary Function of Money a Standard of deferred payments b Store of value c Transfer of value iii Contingent Functions a Distribution of national income b Maximum satisfaction to the consumers c Maximum profit to the producers d Basis of credit e Liquidity.
Learning the important concepts is very important for every student to get better marks in examinations. The concepts should be clear which will help in faster learning. Secondary functions Money acts as a standard deferred payment due to the following reasons:.
Make Economics comprehensive. Money and Banking Notes. Barter system of exchange :- Barter system of exchange is the system in which commodities are exchanged for commodities. This is also called commodity for commodity exchange economy. Difficulties of Barter System of Exchange :- i.
Изначальный план состоял в том, чтобы сделать это незаметно и позволить Танкадо продать пароль. Сьюзан должна была признать, что прозвучало это довольно убедительно. У Танкадо не было причин подозревать, что код в Интернете не является оригиналом.