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What caused the sudden cash crunch, and what are the lessons for policymakers If the velocity is low, more currency will be needed to sustain the economy. The Rs 2,000 note, for example, slows the velocity of money. Being a large denomination note, it cannot be used for all transactions often. Traders, especially small ones, prefer not to receive this denomination. The note also ...
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Wells Fargo fined $1B for mortgage, auto lending abuses The $500 million paid to the Comptroller of the Currency will go directly to the U.S. Treasury, according to the order. The $500 million paid to the CFPB will go into the bureau's civil penalties fund, which is used to help consumers who might have been harmed in other cases. Wells has previously said it ...
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Morning Breaking: Know about impact of demonetisation on transactions and fake currency Morning Breaking: Know about impact of demonetisation on transactions and fake currency. This segment of Zee News brings to you latest updates. Know about impact of demonetisation on transactions and fake currency. Watch this video to know more. Apr 21, 2018, 11:30 AM IST ...
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