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AMAN
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Asked: 2024-08-09T08:07:12+05:30 In:

If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits will?

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If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits will?

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  1. AMAN
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    As the banks ar not involved in the national income the increase and decrase does not effect the deposits of us thats why the deposits will neither increase nor decrease.

    Monopoly: Monopoly refers to a market situation where there exists only one sellerwith many buyers.

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