“CUET Economics Notes by Artham Resources: Chapter 3 – Money and Banking. Explores the functions of money, banking systems, monetary policy, and their roles in the economy.”
Content of Chapter 3 – Money and Banking:
- Introduction to Money: Functions and Characteristics
- Types of Money: Commodity, Fiat, and Representative
- Banking Systems: Commercial Banks, Central Banks, and Cooperative Banks
- Functions of Banks: Accepting Deposits, Providing Loans, and Issuing Credit
- Central Bank Functions: Monetary Policy, Currency Issuance, and Regulation
- Money Supply and Control: Reserve Requirements, Open Market Operations, and Discount Rate
- Role of Money and Banking in Economic Stability and Growth
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