Money and Credit

M. M. Huq
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M. M. Huq: University of Strathclyde

Chapter 8 in The Economy of Ghana, 1989, pp 167-180 from Palgrave Macmillan

Abstract: Abstract Money and credit have many functions in an economy, but from the point of view of economic development their role in financing agriculture, industry, commerce and other activities is vital. Credit, as available from different institutions, is mainly of two types: short-term and long-term. Short-term financing is usually provided by the commercial banks dealing with money deposited by their customers, while long-term credit is generally provided by development banks. The next chapter is devoted to such long-term development financing.

Keywords: Central Bank; Banking System; Commercial Bank; Money Supply; Credit Union (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19749-1_9

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DOI: 10.1007/978-1-349-19749-1_9

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