Money and banking

Indian Economy (CDS)

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Indian Economy - Understanding the basics of Indian economic system

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High-Powered Money is money

Issued by the Central Bank of the country

Circulating as parallel economy

Consisting of foreign exchange reserve of a country

Which is used to fund elections

Explanation:

The total amount of currency held by the public, as well as cash in the vaults of financial institutions, and bank deposits at the Federal Reserve. The Federal Reserve Bank maintains close Control over the amount of high powered money that can influence its monetary policy decisions. also called the monetary base.

By: Abhipedia

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