NextQ43

"Irfaan (a student) borrows Rs. 80,000 to finance his college fee. He plans to begin repaying the loan six months after his graduation, making payments over a span of ten years." Based on above text, identify the indicated function of money. (Choose the correct option)

Money Creation by Commercial BanksStudy Simplify SpecialPYQ1MCQ
Question 42

If in an economy the initial deposits are Rs. 4,000 crore and Reserve Ratio (RR) is 10%. The value of total deposit created would be Rs. ______ crore. (Fill up the blank with correct alternative.)

42/92