Economics · Indian Economy
In India, what does 'Money Multiplier' indicate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rate of inflation
- 2The impact of commercial banks' credit creation ability on money supply in the economy✓
- 3The profitability of banks
- 4The velocity of money
Correct answer
The impact of commercial banks' credit creation ability on money supply in the economy
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