About the Book: Dictionary of Money Banking and Finance
Money is the pivot around which a modern economy revolves. Finance is the life
blood of business activities. Banking system, as an integral part of the
financial sector, is the linchpin of any development strategy. Banking system,
along with other constituents of the financial sector, helps to mobilise
financial surpluses of an economy and transfers them to areas of financial
deficit. It promotes savings by providing a wide variety of financial assets to
the general public. Savings collected from the household sector are pooled
together and allocated to various sectors of the economy for raising production
levels. If the