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False money banking correct; RBI controls money supply, fiat money legal tender.
Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.
Lending of money to public money banking correct; RBI controls money supply, fiat money legal tender.
Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.
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