Bank money is that money which is:-
(a) Printed by RBI. (b) Printed by the government.(c) Generated in the form of credit creation. (d) None of these
Answers
Answered by
2
Answer:
Reserve Bank of India
The Reserve Bank of India (RBI) prints
(a) Printed by RBI
kive o behne
Answered by
0
Answer:
a) published by RBI.
Explanation:
- The Currency Department in RBI attends to the core statutory function of note and coin issue and currency operation. This involves vaticinating the demand for fresh notes and coins, placing the indenture with four printing presses and mints, entering inventories against those hacks and distributing them through the 18 services of the Bank, a wide network of currency cases, depositories and small coin depots.
- The Department also keeps an account of notes in rotation and also the stocks at RBI services and currency cases
- The Reserve Bank has the sole authority to issue bills in India. Reserve Bank, like other central banks the world over, changes the design of bills from time to time.
- The Reserve Bank has introduced bills in the Mahatma Gandhi Series since 1996 and has so far issued notes in the appellations of Rs. 5,Rs. 10,Rs. 20,Rs. 50,Rs. 100,Rs. 500 and Rs. 1000 in this series.
#spj3
Similar questions