Difference between free trade and common market upsc
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A free-trade area arises when a group of countries come together and agree not to impose tariffs or quotas on trade in goods between them.
A single, or common, market goes a lot further: as well as tariffs and quotas, it seeks to remove various other barriers to trade.
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CR are 10,000 and RR is 10%,then the estimated credit created would be 1,00,000.My doubt is that,let the bank get deposits of 10,000 from public.It would make a RR of 1000.
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