Components of High Power money
are :
(A) C + RR + ER
(B) C + RR - ER
(C) C-RR + ER
(D) C-RR - ER
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Answer:
the correct answer is
C + RR + ER
Explanation:
The use of high-powered money consists of the demand of commercial banks for the legal limit or required reserves with the central bank and excess reserves and the demand of the public for currency. Thus high-powered money H=C+RR+ER where С represents currency, RR the required reserves and ER the excess reserves.
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