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Unit 3A covers the concepts of money, money supply, and the role of the Reserve Bank of India in managing the economy. It explains the functions and types of money, including fiat, legal tender, and fiduciary money, as well as the measurement of money supply through various aggregates like M0, M1, M2, and M3. The document emphasizes the importance of understanding these concepts for the UPSC Prelims, particularly in relation to monetary policy and the banking system.
- Author
- Harsh Pawar
- Language
- EN