Money created by the commercial banks is called __________.

CA Foundation · Business Economics · PYQS · January 2025
Money created by the commercial banks is called __________.
(A) A. Real money
(B) B. High powered money
(C) C. Fiat money
(D) D. Credit money

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Credit money

Topics: Money Market

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