WebThis section contains Written B.Com Part 2 Banking Finance notes All subjects as per the syllabus of Federal Board of Intermediate and Secondary Education, Islamabad. The … Web12 mei 2024 · It is true of paper money, due to the good name of the note-issuing authority. 2. Portability- If an item is to be used as money, it must be easily portable, so that it is a convenient means of exchange. 3. Scarcity- If money is to be used in exchange for scarce goods and services, then it is important that money is in scarce supply.

28 MONEY AND BANKING - National Institute of Open Schooling

Web16 mrt. 2024 · CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. It includes all the topics given in NCERT class 12 … Web17 jan. 2024 · Introduction. Money is anything that is generally accepted as a medium of exchange for goods and services. Banking refers to all the activities carried out by financial institutions involving money. Financial institutions includes. - Central bank. - Commercial banks. - Non-financial institutions. pink straight razor holder with brush

Jason Okera Keene - Senior Broker - Vested Business Brokers

Web20 feb. 2024 · Features of Money Supply. Here are the major features of Money Supply that you must study in our Money and Banking Class 12 notes: The money supply is based … Web2. Secondary. The primary functions of money are as follows: a. Money served as the medium of exchange and facilitated buying and selling of goods and services. The exchange was simple and could be scaled accordingly. b. Money served as a common source of value for goods. In the barter system, it was not possible to determine the value of an item. Web12 mei 2024 · M0 (or monetary base), consists of notes and coins in circulation and the commercial banks‟ deposits of cash with the central banks. 2. M2 which consists of notes and coins in circulation and the NIB (non- interest- bearing) bank deposits – particularly current accounts. pink stories candles wholesale