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High powered money is equal to
Money supplied by the RBI only
Total supply of money in the economy
Notes and coins held by the people as well as cash reserves of the commercial banks
Notes and coins held by the people
High powered money consists of currency and coins held by the public and deposits held by government and commercial banks. High powered money is a total liability of the monetary authority of the country.
By: bhavesh kumar singh ProfileResourcesReport error
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