Business Studies, asked by Princedynamic3779, 10 months ago

Explain the Concept of high powered money.

Answers

Answered by Anonymous

Sum of the currency held by the public and reserves held by financial institutions with the Federal Reserve Banks.. Also called High Powered Money because the effect of changes in monetary base on money supply is magnified by the money multiplier.

Answered by Gur555555

Answer:

Some of the Currency help by the public and government

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