Full-bodied money is that money whose money value and commodity value are:
equal in the market
declared as equal by the government
different in the market
declared as equal by the RBI
For full-bodied money, the money value and commodity value of the money are equal in the market.
By purchasing government securities in the open market, the central bank intends to release greater money supply in the market.
When the money value of money exceeds the commodity value of money, it is called: