Accountancy, asked by KanishkSoni4018, 1 year ago

Check list for financial transaction in banking

Answers

Answered by CBSEMP

Other deposits includes deposits of various institutions held by the RBI. These deposits are not used by RBI itself. Rather the institutions whose deposits are with the RBI use them for transaction purposes.

M1 is called the transaction money because it represents the most liquid form of money.

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