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Assumptions:- 1) The entire commercial banking system is one unit and is termed as ‘Banks’. 2) All receipts and payments in the economy are routed through the banks (i.e. receipts are deposited and payments are made through cheques) Process:- The money (or deposit or credit) creation by the commercial banks is determined by:- The amount…
Do all / most important topics chapter-wise. Understand and master all the topics given in the NCERT books. Refer various reference books as written by (e.g. Subhash Dey, Sandeep Garg, T.R. Jain and V.k. Ohri) Prepare short notes of chapter-wise definitions, formulas, important points, relationships between different economic variables along with diagrams and schedules (if any)….