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MCQ doubt in Money supply

Economics

Why does currency issued by central bank also called as high powered money? High powered money includes currency and Reserves right?

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Likhith Sai

Likhith Sai

CA Final

★ 41K+

05-Oct-21 22:06

714

Answers (1)

High power money consist of i. Notes and coins in circulation with the public and in the vault of commercial banks ii. Deposits held by government and commercial banks with RBI.

Yoga Vishnu

Yoga Vishnu

CA Final

★ 11K+

06-Oct-21 11:24

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