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New Forms of Money

What is high ...

Question

What is high powered money?

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Solution

High-Powered Money refers to currency (coins and notes) held by the public and cash reserves with the commercial banks.

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What is high-powered money?

High-powered money is also called:

Q. High Powered money is ____________.

Q. High powered money consists of _________________.

If money supply is 5,00,000 and high-powered money is 2,00,000, what is the value of the multiplier?

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