Economy Day 2 – September 2, 2025 💰

by

Tomorrow, we continue Economy by Mrunal with Pillar 1-A1: Money – Barter to Bitcoin & Pillar 1-A2: Money Supply to Monetary Policy (📖 pp. 40–83).

Pillar 1-A1: Money – Barter to Bitcoin 🌍

  • Global Money Transfer 💸 – Cross-border payments via SWIFT, remittances, & blockchain.
  • Payment System Operator ⚙️ – Entities like NPCI & Visa powering transactions.
  • Digital Payment Regulatory Body 🏛 – RBI & BIS setting digital payment rules.
  • Cryptocurrency & Related Topics ₿ – Bitcoin, blockchain, & finance impact.
  • Fungibility 🔄 – Why money units are interchangeable (fiat & crypto).

Pillar 1-A2: Money Supply to Monetary Policy 📊

  • Money Demand, Supply, Creation 💵 – Bank money creation, M0 to M4.
  • Monetary Policy 🏦 – CRR, SLR, & Incremental CRR (up to p. 83).

Leave a Comment