Money and Banking (CBSE XII ECONOMICS) - 1

Hello dear learners, in this session Akash Gupta will be discussing basic concepts of money and banking of class XII (CBSE Board). Learners at any point of their preparation can join the session as per their convenience.

CLASS CONTENTS : -

1. C to C economy
2. Limitations of barter exchange
3. Money
4. Components of Money
5. Main Functions of money

• Primary Functions
• Secondary Functions

6. Fiat Money

7. Legal Tender

8. High powered Money

9.Money Multiplier or Credit creation of money by commercial banks

10. Relation between money creation and national income

11. Currency Deposit Ratio (CDR)

12. Central Bank (About)

13. Functions of central bank

• issue of currency
• bankers to government
• bankers bank to supervisors
• quantitative functions (repo rate, bank rate, reverse repo rate)
• open market operations
• legal reserve ratios
• Quantitative functions (margin requirements, moral suasion, selective credit control)

Topics will be covered holistically with the series of classes. Students will be required to sit with pen and notebook as we will write the discussions from exam point of view. Thank you, see you in the class!!!