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Question

High Powered money is ____________.


A
only bank's reserves at the central bank
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B
all loans of banks
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C
all loans and securities of banks
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D
any of the above
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Solution

The correct option is D any of the above

High powered money or powerful money refers to that currency that has been issued by the Government and Reserve Bank of India.

Some portion of this currency is kept along with the public while rest is kept as reserve funds in Reserve Bank of India.

Economics

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