Legal tender, High-Powered Money and Fiduciary Money


Legal tender, High-Powered Money and Fiduciary Money
Legal tender, Bitcoin & Cheques are legal tenders? Meaning of High Powered Money and Fiduciary Money

What you will learn

Legal tender, High-Powered Money and Fiduciary Money

What is the meaning of Legal tender in the context of currency?

What are the two types of legal tender money?

Whether bitcoin and cheques are legal tender money?

What is the meaning of High-Powered Money and Fiduciary Money?

How does the Central Bank exert control over the dynamics of high-powered money?

Description

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Introduction

Introduction

Legal tender, High-Powered Money and Fiduciary Money

Legal tender: Meaning, Acceptance & change of status
Two types of legal tender
Bitcoin: Legal tender?
Cheques (Checks) : Legal tender money?
High Powered Money: Meaning and Central Bank connection
Understanding Fiduciary Money

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