File Name: money and banking economics notes .zip
- Money – CBSE Notes for Class 12 Macro Economics
- Chapter Notes - Money and Banking, Economics, Class 12 | EduRev Notes
- CBSE Class 12 Macro Economics Revision Notes Chapter 3 - Money and Banking
The government issues an order stating what is money? Currency coins and notes is legal tender money.
Money – CBSE Notes for Class 12 Macro Economics
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. By studying from these NCERT Economics Chapter Money and Banking Notes for class 12 and employing sample papers, students will no difficulty be able to alleviate any tension before exams as they will be fully prepared in advance for their board exams. Together, students will be prepared to answer every type of question like subjective and objective and aim for the best in their last year of school. SelfStudys provides chapter-wise Economics Chapter Money and Banking revision notes as well as short keynotes for the CBSE board examination in an easy to understand and also free downloadable PDF format so students can practice it for their studies and get good marks in their board examinations.
Help Sitemap. Previous Next Contents. Money is something which people generally accept in exchange for a good or a service. Money performs four main functions:. The earliest method of exchange was barter in which goods were exchanged directly for other goods. Problems arose when either someone did not want what was being offered in exchange for the other good, or if no agreement.
We have yet to discuss money and its role in helping to achieve our macroeconomic goals. The discussion of money and banking is a central component in the study of macroeconomics. Banks and credit unions are safe and convenient places to keep your money. Banks are for-profit. How do they earn money?
Chapter Notes - Money and Banking, Economics, Class 12 | EduRev Notes
In the first half of Chapter 3 Macroeconomics Class 12 Notes, money is rightfully defined. What are the Functions of Money? The functions of money are classified into three categories namely primary functions, secondary functions and contingent functions. Primary Functions:. Medium of Exchange. A general gauge of value or unit of value. Secondary Functions:.
Free PDF download of Class 12 Macro Economics Chapter 3 - Money and Banking Revision Notes & Short Key-notes prepared by our expert Economics.
CBSE Class 12 Macro Economics Revision Notes Chapter 3 - Money and Banking
Secondary functions Suppose there is an initial deposit of Rs. All the transactions are routed through banks. The borrower withdraws his Rs. The Bank receives Rs.
What is money? Money is any good that is widely used and accepted in transactions involving the transfer of goods and services from one person to another. Economists differentiate among three different types of money: commodity money, fiat money , and bank money. Commodity money is a good whose value serves as the value of money. Gold coins are an example of commodity money.
Barter system of exchange is a system in which goods are exchanged for goods.
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