High powered money is equal to:
a) money supplied by the RBI only
b) total supply of money in the economy
c) notes and coins held by the people
d) money (notes and coins) held by the people, vault cash of the Commerical
banks as well as cash reserves of the commercial banks with the RBI
Answers
Answered by
2
Answer:
Please mark this as brainliest
Explanation:
The correct answer is C. Notes and coins held by the people.
High powered money is the money held by the people rather than the deposits in banks.
Answered by
0
Answer:
correct answer is c notes and coins
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