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What is Money and Credit Notes about?

The document discusses the role of money as a medium of exchange and the loan activities of banks, highlighting the evolution of money from grains and cattle to modern currency. It explains the importance of credit, including two scenarios illustrating its benefits and pitfalls, and emphasizes the need for formal sector credit to support economic development, particularly in rural areas. Additionally, it introduces Self Help Groups (SHGs) as a solution for the poor to access credit and promote savings, whil

Author

Ashutosh Bhuyan

Language

EN