notes of economic of chapter Banking and monetary policy for gujarat board english medium
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Money and Banking class 12 Notes Economics
Last Updated: March 16, 2018 by myCBSEguide
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CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides accounting for partnership firm’s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Class 12 Economics notes on chapter 6 accounting for partnership firm’s fundamentals are also available for download in CBSE Guide website.
CBSE Guide Money and Banking class 12 Notes Economics
CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. It includes all the topics given in NCERT class 12 Economics text book. Users can download CBSE guide quick revision notes from myCBSEguide mobile app and my CBSE guide website.
12 Economics notes Chapter 6 Money and Banking
Download CBSE class 12th revision notes for chapter 6 Money and Banking in PDF format for free. Download revision notes for Money and Banking class 12 Notes and score high in exams. These are the Money and Banking class 12 Notes prepared by team of expert teachers. The revision notes help you revise the whole chapter 6 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days.
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CBSE Class–12 economics
Revision Notes
Macro Economics 06
Money and Banking class 12 Notes Economics
Money: Money may be defined as anything which is generally acceptable as a medium of exchange and at the same time acts as a measure, store of value and standard of deferred payment.
Functions of Money:
1. Primary Functions
a. Medium of exchange
b. Common measure of value or unit of value
2. Secondary Functions
a. Standard of deferred payment
b. Store of value
c. Transfer of value
3.Contingent Functions
a. Basis of credit
b. Liquidity
c. Basis of price mechanism
d. Maximum profit to the producers
e. Maximum satisfaction to the consumers
f. Basis of distribution of income
Barter Exchange: It implies the direct exchange of goods for goods without the use of money.