CBSE Class 12-commerce Macroeconomics Money and Banking
Money is the commonly accepted medium of exchange. In an economy which consists of only one individual, there cannot be any exchange of commodities, and hence, there is no role for money. Even if there is more than one individual, such as a family living on an isolated island, but they do not take part in market transactions, money has no function for them. However, as soon as there is more than one economic agent who engages in transactions through the market, money becomes an important instrument for facilitating exchange.
Barter System and Evolution and Functions of MoneyBarter System and Evolution and Functions of Money
Demand and Supply of MoneyDemand and Supply of Money
Commercial Banks & Money Creation ProcessCommercial Banks & Money Creation Process
Functions of RBI and Instruments of Monetary PolicyFunctions of RBI and Instruments of Monetary Policy
The Supply of MoneyThe Supply of Money