The term bank money is used to denote?

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Q 1518880709.     The term bank money is used to denote?


A

loans and advance granted by the commercial banks

B

demand deposits used as money, i.e. deposits withdrawable by cheques

C

loans granted by the Reserve Bank of India to the commercial banks

D

money provided by the Reserve Bank of India to the Government

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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