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Identify which of the following Statement is true? - Economic Applications

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Question

Identify which of the following Statement is true?

Options

  • Primary deposits and initial deposits are the same thing.

  • Secondary deposits and derivative deposits mean the same thing.

  • Both Primary deposits and initial deposits are the same thing and Secondary deposits and derivative deposits mean the same thing.

  • Neither Primary deposits and initial deposits are the same thing nor Secondary deposits and derivative deposits mean the same thing.

MCQ

Solution

Both Primary deposits and initial deposits are the same thing and Secondary deposits and derivative deposits mean the same thing.

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Money Creation Or Credit Creation by the Commercial Banking System
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Chapter 8: Commercial Banks - QUESTIONS [Page 196]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 8 Commercial Banks
QUESTIONS | Q 3. | Page 196
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 7 Commercial Banks
Exercise | Q 3. | Page 144
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