Monetary Policy#1: Money multiplier, Fractional Reserve, High Powered v. Narrow v. Broad Money
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- So far in the budget and economic survey series 2017 (BES17): we've covered the evolution of money with special focus on digital payment in the light of de-monetization.
- Now we shall move to monetary policy- tools, review of last one year's policies and its limitations.
- But, first we must learn how can a Central Bank control money supply and liquidity in the system?
- In his book the General theory of employment, interest and money, the famous Economist John Maynard Keynes listed the motives for which people demand and keep money in liquid form 1) transaction motive 2) precautionary motive and 3) speculative motive- also known as the asset demand of money.
- We measure the money supply thus kept as "M1"- which is currency with public plus demand deposits in the banks. Because of the fractional reserve system, Every “R” reserve generates “1/r” new money
- What is money multiplier, why is it said that in a functional economy, money multiplier is always greater than one?
- What is M0: reserve money or high powered money? Why is it called liability of RBI?
- Measures of money supply: M0, M1, M2, M3, M4. what is broad money and what is narrow money? Which one has the highest liquidity?
- How can RBI combat inflation and deflation? What type of policy strategy should it use against these two scenarios? What is easy money policy, cheap money policy, dovish money policy vs. tight money policy, dear money policy, Hawkish money policy.
- Faculty Name: You know who
- all Powerpoint available at mrunal.org/powerpoint
- Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Пікірлер: 325
economics made extremely easy, this guy is one of the most underrated teacher in India today....salute to u, mrunal sir
@dgusain07
4 жыл бұрын
Abe underrated?!?! Books aati hai iz ki
@siddhantsaurabhUPSCclasses
3 жыл бұрын
Lol
@MrSayandeep
3 жыл бұрын
@@dgusain07 which book ?
@KuchBhi04
2 жыл бұрын
@@MrSayandeep Disha publication publish karti karti hai Dude he is the biggest brand in Economics,get your facts corrected
@MrSayandeep
2 жыл бұрын
@@KuchBhi04 which fact are you asking me to get corrected?
Really this man should be awarded by govt for his relentless service...🙏🙏
#BharatRatna for Mrunal sir.
@yogeshkaviya
5 жыл бұрын
Noble prize for economics
@akashdodiya1245
4 жыл бұрын
Indeed a Gem of Our Country.
Fantastic explanation. What a guy! Never expects anything in return. Much appreciated. Thank you!
number of likes should be equal to number of views..for this gentleman's video..
@medhavichetan2085
7 жыл бұрын
yes.....absolutely
@vishug4375
7 жыл бұрын
yep..!!
@creative_destruction
7 жыл бұрын
not possible ....coz people watch it again and again
@vishug4375
7 жыл бұрын
Naveen Tomar OK.
@deeprahul
7 жыл бұрын
Naveen Tomar Ek baar view kro to ek hi count hota h.. Multiple nai..aise to ek bnda khud k video pr dusri id se hazaro baae refresh maar ke akele 1000 views kr dega...😂
If anyone wanting this series in 2023 Hit like
One of the best teachers of Economy.. May god bless you sir
mai hindi medium se hu. mughe achhi tarah se samagh me ata hai ye vedeos . very helpful for hindi medium students. .....love you your teaching style...
thanks, sir I was never able to understand this M's and Now I totally understand the concept which I will never forget in my life .... thanks for teaching me, sir.
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I still prefer these videos for doubts, Thank you from the bottom of the heart sir 🙏🏼
Thanks a lot sir...economics never looked this easy before.
Modern Dronacharya !
You are the Best Mrunal. God Bless you with good health and Success...Thank you so much. I Am your dedicated follower.
FINALLY SIR YOU ARE BACK. Huge relief for all of us.
thnku sir 4 coming back..our heart was in mouth due to ur absence
Aaj ke time me Mrunal sir hi guru kahlane ke layak hai baki to sab Education ke dalal ban kar baite hai. jai gurudev hari om....
With easy examples it became much more easier..thank you so muchsir
Our Saviour for facing UPSC !! Jai HO
Many thanks for these videos sir.... Such brilliant explanations !
extremely helpful video .. Thank you so much MRUNAL sir ji
I got my job in bank due to Mrunal Sir's video.
@copvimal
6 ай бұрын
Bhai sir ki static economic ki classes kaha se milegi
@jeanboy427
4 ай бұрын
@@copvimal yahi static he
@DeekshaSharma-ol5kp
3 ай бұрын
I'm rbi grade b 2024 aspirant.. is this lect. Series will work for me??
@jeanboy427
3 ай бұрын
@@DeekshaSharma-ol5kp yup その後は私のワイフになってくれる?
@swastikabhati005
23 күн бұрын
Which exam
Incredible lesson in the simple and understanding manner
loved this new format . delete old class room videos and plz plz create those video in this new format. Thanks a lot !!
this is so good.. made economy even more interesting..
Thank you very much sir...I have fully cleared this topic now🙏🙏🙏
Every half an hour, I take 5 mins off your video to laugh on the jokes. How do you manage to keep a straight face all through the video. In love with u sir.
great man of economics. salute you sir 🙏
This video is very helpful for me, as I am not from commerce background but I have interest in stock market, this videos helped me a lot. Thank you sir.
Very nice explanation, Excellent work sir. Excellent word itself won't sufficient for your efforts and for such a great videos.
excellent work sir ..dedicated to you all respect
Economics made extremely easy!!!!! Great !!!
ur all economic video's are excellent......sir
Mrunal sir beyond awesome..!!!! 👌👌👌👌
You are the world best teacher. I'am waiting for your video thankyou sir.
Sir your BES171 series can be better understood if one goes through the L1 series first, this works as a quick revision.
YOU ARE BEST SIR,,,,THIS WAS THE HARDEST TOPIC FOR ME..AND I AM A MASTER OF IT,
Such an effective teaching,,,, thanks sir,,,,,,,,,,, lov u from bottom amd whole of my heart,,,,
You made it so Easy...Hats off!!
These Videos even today are one of the best
economics is synonymous with mrunal sir :)
It is because of him i got genuinely interested in economy. Got a bank job. Still watch his videos just for knowledge.
@Nivedita_2.25
Ай бұрын
But I do not understand the concept.. what can I do sir
Economics = Mrunal Sir :)
Sir Mai India kaa PM hota to aapko finance minister aur RBI kaa governor dono banata Sir hum garibo ki duaae aapke saath h aise hi video upload karte rahie Thanks Sir You are great sir
After long gaps ... King is back... thank very much... Sir...
Here in 2024?
Thank you sir for this video and efforts! Only gratitude❤
sir please aapki phele ki videos 2015 wali main jinki relevancy aaj bhi hai unki list bana dijiye kyo ki main phele ki series follow ker raha hu to pata nahi lag pa raha kaun si video dekhu kyo ki Maine abhi economic start ki hai
Bahut hi helpful lecture..... thanks sir
sir....you are god of economics......thanku sir
Thank you so much sir. Selfless job.i have no ward to justify your job.
Sir actually which is best....thare are 3 lecture series....I am confused... kindly help me
Salute u sir u have made many people life.
Thank you sir, we were eagerly waiting!
Easy to understand presentation.. Very nice
I can't thank you enough Sir..
Sir your example is awesome
word bst teacher for economics 👌
the best teacher :) thanks A lot !! God bless you sir
Could you please share the link that provides for the list of relevant NCERT chapters as told by you in your 2015 lecture?
Sir your earlier economics lectures are somewhere similar to BES series so which one we have to take for better preparation?
sir please tell me do i have to see old economics lecture of murnal sir and if not please guide me i could not able to find these ppt to download
sir this video and all video for economics is suitable for 2019 UPSC exam?
Thanks for the help sir
which series is best for 2019 aspirants ? out of the 3 ??
thanks, sir hope for good marks in prelims ..........
Ur teaching is good
A big thank you sir ji !!
Very nice video sir specially explanation 👌
Excellent explanation 😇🙏🙏🙏🙏🙏🙏🙏
UPSC Economy ke Chakravyuh bhedne ka gyan Mrunal sir hi de skte hain 🙏
SIR YOU ARE GREAT..
Excellent as always.
very good sir ..thank u
Thank you Sir....!
Brilliant explanation for Narrow Money and Broad Money. Economics has been a bit of a hiccup for me till now, but I can definitely say, it won't be any longer. Thank you!
@smitajaiswal4505
5 жыл бұрын
Is is relevant for 2020 too?
@prometheus007
2 жыл бұрын
It's core banking and it's evergreen.
Awesome sir....Thc
if money multiplier is 1/r based on reserve system... then what is M3/M0 ratio called?? It is also money multiplier as per given in ramesh singh... I am confused ...
You're amazing!
Problem is thousands of people are watching these days. Its just increasing the competition! Wish I was the only one learning from him. I see why exclusivity is desirable..
thanks a lot mrunal sir
What about the cash with banks (point number 2 in the table) 21:04 it's not included in either M0, M1, M2, M3, M4
sir aloknath example is very good .i like your example person
very helpful video..
Fantastic👏👏👏
great sir....thanks
Which one videos to be watched for 2019 pre
Sir we are thankful ki aap hame aise khila rahe hain :D
God bless you sir..
excellent sir
But in ncert it is given that italso includes govt deposits with RBI :- IN high powered money
Mrunal sir.. In this new economic survey series Total kitne vedio honge? Plz reply soon
God bless you sir.
I salute u sir.
thank you sir.
thank u sir
Sir JPSC mains exam 25 may 2017 se start honge toh plz aap jaladi jyada videos upload karwa dijiye aur agar possible ho toh geography ke videos new format me upload karwa dijiye ... Polity and public adminstration ke bhi .. ..thank you
sir please prelims k phle krwa dena survey hum bs apke h sahare h. ekdm basic s suru kiy h ap to may be this time more video than last year:-)(
Thank you so much sir🙏
Very Good