Question

Objectives of functions of money

Answer 1

Answer:

• Money is often defined in terms of the three functions or services that it provides.
• Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.
• , and as a unit of account. Medium of exchange.
• , and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions.

Answer 2

Explanation:

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.