MMT meaning in Banking ?

Answer:

What is Modern Monetary Theory mean?

Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. MMT is opposed to the mainstream understanding of macroeconomic theory, and has been criticized by many mainstream economists.

MMT says that governments create new money by using fiscal policy and that the primary risk once the economy reaches full employment is inflation, which can be addressed by gathering taxes to reduce the spending capacity of the private sector. MMT is debated with active dialogues about its theoretical integrity, the implications of the policy recommendations of its proponents, and the extent to which it is actually divergent from orthodox macroeconomics.

reference

Full Form	Category
Multiple Mirror Telescope	Academic & Science
Mechanics of Materials	Academic & Science
Mixture Magnesium Trisilicate	Academic & Science
Modern Monetary Theory	Banking
Mitsubishi Machine Tools	Business
Merchandise Movement Team	Business
Metadata Management Tool	Business
MasterCard Money Transfer	Business
M F S Multimarketing Income Trust	Business
Malik's Muwatta Translation	Community
Meyer Memorial Trust	Community
Magical Mystery Tour	Community
Mobile Meals of Toledo	Community
Memphis Music Town	Community
Metal Mesh Technology	Computing
Mobile Monitor Technologies	Computing
Moving Magnet Technologies	Computing
Multi Media Tour	Computing
Multi Media Technology	Computing
Multi Media Transfer	Computing
Multimedia Transport Service	Computing
Mobility Management Technology	Computing
Multi Media Tools	Computing
Multimedia Multiparty Teleconference	Computing
Multi Modal Transportation	Computing
Memory Map Table	Computing
Manufacture Modules Technologies	Computing
Millennium Magnetic Technologies	Computing
Media, Music, and Technology	Educational Degree
Methylcyclopentadienyl Manganese Tricarbonyl	General
Might and Magic Tribute	General
Market Model Typology	General
Myanmar Time	General
Multimode Manual Transmission	General
Multi Mode Traction	General
Massanutten Mountain Trails	General
Midwest Monster Tour	General
Makes Me Think	General
Morris Minor Traveller	General
Million Miles Traveled	General
Modena Motori Taiwan	General
Maysan Mando Turkey	General
Mazda Motor Taiwan	General
Man Media Truck	General
Media Modernization Testing	General
Model to Model Transformation	General
Modern Money Theory	General
Magic Monetary Theory	General
Médecins Maîtres Toile	General
Mobile Money Transfer	General
Modified Magnetron Type	General
Methylcylopentadienal Manganese Tricarbonyl	General
Most Meaningful Task	General
Millions Of Metric Tons	General
Multi Media Terminal	General
Multi Mission Terminal	General
Marxist Monetary Theory	General
MPEG Media Transport	General
Meet Me There	General
Make My Trip	General
Manual Muscle Test	General
Million Metric Tons	Governmental
Mathematics Modelling and Tools	Maths
Mega-metric Ton(s)	Measurement Unit
Methadone Maintenance Treatment	Medical
Medial Meniscus Tear	Medical
Manual Muscle Testing	Medical
Military Mail Terminal	Military and Defence
Military Medical Technology	Military and Defence
Military Medical Training	Military and Defence
Manufacturing Methods and Technology	Military and Defence
Mass Memory Test	Space Science
Mission Management Team	Space Science
Multimedia Multiparty Teleconferencing	Telecommunication