Money and banking notes pdf class 12

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money and banking notes pdf class 12

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Learning the important concepts is very important for every student to get better marks in examinations. The concepts should be clear which will help in faster learning. Secondary functions

Money and Banking Class 12 Economics Notes | StudyTution

Barter System Barter system means the direct exchange of one commodity to another. Barter Economy can be termed as C-C economy i. Commodity for Commodity economy. Difficulties of Barter System i Lack of double coincidence ii Lack of divisibility iii Lack of common measure iv Difficulty of storage and transfer of wealth v Difficulty in deferred payment vi Difficulty in the exchange of services. Money Money is anything that is generally acceptable as a means of exchange and at the same time, act as a measure and as a store of value. Functions of Money i Primary Function a Medium of exchange b Measure of value ii Secondary Function of Money a Standard of deferred payments b Store of value c Transfer of value iii Contingent Functions a Distribution of national income b Maximum satisfaction to the consumers c Maximum profit to the producers d Basis of credit e Liquidity. It includes notes and coins.

Functions of Money: 1. Primary Functions a. Medium of exchange b. Common measure of value or unit of value 2. Secondary Functions a. Standard of deferred payment b. Store of value c.

Chapter Notes - Money and Banking, Economics, Class 12 | EduRev Notes

Make Economics comprehensive. Money and Banking Notes. Barter system of exchange :- Barter system of exchange is the system in which commodities are exchanged for commodities. This is also called commodity for commodity exchange economy. Difficulties of Barter System of Exchange :- i. It requires double coincidence of wants which is a rare occurrence.

CBSE Class 12 Macro Economics Revision Notes Chapter 3 - Money and Banking

NCERT Class 12 Economics Chapter Money and Banking Notes have been largely compiled by teachers with near to 20 years of experience and after studying the last ten years of examination papers. Further, they are all designed with the latest academic year subject material so that any difference in the syllabus is accounted for as well. By studying from these NCERT Economics Chapter Money and Banking Notes for class 12 and employing sample papers, students will no difficulty be able to alleviate any tension before exams as they will be fully prepared in advance for their board exams. Together, students will be prepared to answer every type of question like subjective and objective and aim for the best in their last year of school.

The revision notes help you revise the whole chapter 6 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days. Barter Exchange: It implies the direct exchange of goods for goods without the use of money. Supply of Money: Total stock of money currency notes, coins and demand deposit of banks in circulation are held by the public at a given point of time. Supply of money does not include cash balance held by central and state govt.

Money and Banking class 12 Notes Economics

Secondary functions Suppose there is an initial deposit of Rs.

Economics Class 12 Revision Notes Macroeconomics Chapter 3 Money and Banking

In the first half of Chapter 3 Macroeconomics Class 12 Notes, money is rightfully defined. What are the Functions of Money? The functions of money are classified into three categories namely primary functions, secondary functions and contingent functions. Primary Functions:. Medium of Exchange.

This is a textual description of commercial bank, credit creation by commercial bank, central bank and its functions. Commercial bank is a financial institution which performs the functions of accepting deposits from the public and making loans and investments, with the motive of earning profit. Let us also assume that all receipts and payments in the economy are routed through the banks. One who makes payment does it by writing cheque. The one who receives payment deposits the same in his deposit account.

Free PDF download of Class 12 Macro Economics Chapter 3 - Money and Banking Revision Notes & Short Key-notes prepared by our expert Economics.


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