Question

Saving function is given as, s =-120+0.5y.
Draw a diagram saving corresponding to income
level of 0, 200, 400, 600, 800

Answer 1

With effect from may 1,1989, the RBI deregulated money market interest rates which proved to be significant step. This was done to make interest rate flexible and lend transparency to transactions in the money market. ... Certificate of deposits were introduced in Indian Money Market in 1988-99.