Extending credit or creating credit refers to one of the important functions of commercial banks that help in increasing money supply. For instance, a bank lends ₹ 5 lakh to an individual and opens a demand deposit in the name of that individual. Bank makes a credit entry of ₹5 lakh in that account. This leads to creation of demand deposits in that account. The point to be noted here is that there is no payment in cash. Thus, without printing additional money, the supply of money is increased.
Ola is raising $100 million from _____________ to partly finance the first phase of construction of India’s largest ride-hailing platform ‘O...
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India & was set up with the guidance and support ...
Which country has registered the highest number of real-time transactions in the world last year?
What is the significance of India's “Fauna of India Checklist Portal”?
_____________ has tied up with Paytm for card tokenisation to protect data of the cardholders.
What is the expected impact of the MoU between the Department of Social Justice & Empowerment and the All World Gayatri Pariwar on the Nasha Mukt Bharat...
Who won the Austrian Grand Prix Formula One Championship title 2023?
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To open Transitions tab in powerpoint which key shortcut is used?
Which of the following global company targets 2024 launch of its first Kuiper internet satellites?