Money has been considered as the most dynamic element in the economy. It influences not only the level of prices but also the cyclical behavior of consumption, savings, investment and employment. A well-conceived and well-executed monetary policy is, therefore, considered as an essential pre-requisite for the stable and efficient working of the national economy.
Money has been considered as the most dynamic element in the economy. It influences not only the level of prices but also the cyclical behavior of consumption, savings, investment and employ…