High-powered money consists of:
High-powered money consists of:
(a) Currency and coins held by the public
(b) Currency, cash reserves with banks and demand deposits
(c) Currency held by public and cash reserves with banks
(d) Currency and demand deposits
Anurag Pathak Changed status to publish December 15, 2023
Ans – (c)
Explanation:
What is high-powered money?
High Powered Money is money produced by the RBI and the government.
It consists of two components:
1. Currency held by the public
2. Cash reserves with the banks
Anurag Pathak Changed status to publish December 15, 2023
