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Question : High-powered money includes:

Option 1: Currency and Coins held by the public           

Option 2: Currency, cash reserves with banks, and demand deposits 

Option 3: Currency and coins held by the public and deposits held by government and commercial banks     

 

Option 4: Currency and demand deposits


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 7th Jan, 2024

Correct Answer: Currency and coins held by the public and deposits held by government and commercial banks


Solution : The correct answer is (c) Currency and coins held by the public and deposits held by government and commercial banks.

High-powered money, also known as the monetary base or narrow money. Currency and coins held by the public refers to physical currency notes and coins that are in circulation and held by individuals and non-bank entities.

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