Economy, asked by jayvachhani, 8 months ago

High powered money is equal to

Answers

Answered by prince123666

2

Answer:

In simple terms High Powered Money (HPM) is the net or total liability of the monetary authority of any nation......in India it is the liability of RBI . It is simply the sum of all currency in circulation with the people of country , cash kept in the commercial bank vaults along with the deposits of govt.

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