Question

Bank money is that money which is :

a.
printed by RBI

b.
Generated in the form of credit creation

c.
printed by the government

d.
none of these

Answer 1

Answer:

Bank money refers to money held in the form of demand deposits with commercial banks.

@ItzzMrHyper

Answer 2

Answer:

The correct option is option(b).

Explanation:

• Bank money is a type of demand deposit that preserves the existence commercial and sectoral banks.
• So we can say that the Bank money is that money that is generated in the form of credit creation.

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