What is the role of financial services in capital formation process?
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The creation of productive assets that expand an economy's capacity to produce goods and services.
Private savings facilitates capital formation by allowing resources to be diverted to corporate investment rather than individual consumption.
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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.
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