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Determinants of Money Supply

Currency held...

Question

Currency held by the public is:

A

An asset for the RBI

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B

A liability for the RBI

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C

An asset for the public

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D

A liability for the public

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Solution

The correct options are
B
A liability for the RBI

C
An asset for the public

Currency held by the public is an asset for the public and a liability for the RBI.

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