Money creation and reserve bank of india
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Commercial banks have profit mottive who creats money with individual account and mostly creat with providing loans and higher interest
2)RBI is the bank of the banker who is the control of commercial banks .it may control money by various steps like SLR CRR etc .It also provides high power money with the back pf govt .it also provides loan to commercial banks ....
2)RBI is the bank of the banker who is the control of commercial banks .it may control money by various steps like SLR CRR etc .It also provides high power money with the back pf govt .it also provides loan to commercial banks ....
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Commercial banks have profit mottive who creats money with individual account and mostly creat with providing loans and higher interest
Explanation:
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