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Money creation is the process by which a commercial bank creates total deposit number of times more than the initial deposit. This process is based on 2 assumptions: a.There is a single banking system in the country. b. All the transactions are done through this bank. The working of money creation is explained below:

Solution Verified by Toppr It is true that commercial Banks creates money through credit creation. The Central Bank issues credit on basis of primary deposits and create money many more times than the deposits. These banks lend money for productive work which increase production, productivity and ultimately National Income.

This video of Class 12 MacroEconomics gives an understanding on credit creation by commercial banks. Show more Show more

Shlok Creation. 738 likes · 1 talking about this. Jewelry/watches