CBSE Class 12-commerce Answered
Govt. of india has launched "jan dhan yojna" aimed at every household in the country to have atleast one bank account. Explain how the deposits made under the plan are going to affect money supply in the country?
Asked by sanjana30yadav | 23 Feb, 2018, 05:47: PM
Expert Answer
Opening more bank accounts means more bank deposits. This leads to increase in money supply with the effect of money multiplier mechanism.
Answered by Tharageswari S | 24 Feb, 2018, 10:45: AM
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