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India’s Cash-to-GDP Ratio

Cash-to-GDP Ratio or Currency in Circulation (CIC) to GDP Ratio or simply currency-to-GDP ratio shows the value of cash in circulation as a ratio of GDP. Implications of higher Cash-GDP Ratio There are two dimensions of cash viz. its function and its nature / origin. In terms of function, cash can be used as a medium of exchange but also […]

Money

Anything that can be generally acceptable as payment for goods and services or settlement of debts is Money. It is the element of confidence that others will accept it as a payment is what gives the purchasing power to money. The major functions of money are: It a medium of exchange Its a unit of […]