Economy, asked by srisaiagencies1435, 11 months ago

What happens to the interest rate when money demand decreases?

Answers

Answered by neeldoiphode007

0

The RBI decreases the interest rate of itself as well as the commercial banks in order to improve the credit creating power of the commercial banks and to promote the public to take loans which helps to counter the situation of excess demand. Interest in used as a remedy to control the situations of excess and deficient demand ( excess in your case) . Any more queries?

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