Notes and Study material for Exams
Monetary Policy TOOL: There are several direct and indirect instruments that are used for implementing monetary policy. Repo rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the Liquidity Adjustment facility (LAF). Reverse Repo Rate: The (fixed) interest rate … Read more
The Many Faces of Money: A Journey Through History, Economics, and Society Money, a seemingly simple concept, is a complex and multifaceted phenomenon that has shaped human civilization for millennia. From its humble beginnings as a medium of exchange to its role in global finance, money has evolved alongside human society, reflecting our changing needs, … Read more
The Power of the Purse: Understanding Money Supply and Its Impact on the Economy The concept of money supply might seem abstract, but it’s a crucial driver of economic activity. It’s the lifeblood of the financial system, influencing everything from interest rates and inflation to employment and economic growth. Understanding how money supply works is … Read more
Money Supply is the entire stock of currency and other liquid instruments in a country’s economy as of a particular time. The money supply can include cash, coins and balances held in checking and Savings accounts. Money Supply can be estimated as narrow or Broad Money. There are four measures of money supply in India … Read more