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Money And Banking

Question

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What is High Powered Money?

Solution

The total liability of monetary authority of the country i.e., RBI, is called High powered money or monetary base.

Some More Questions From Money And Banking Chapter

What is liquidity trap?

What monetary system does India follow?

Define money supply?

What are the alternative definitions of money supply in India?
or
Describe alternative measures of money supply as used by RBI in India.

What is ‘High Powered Money’?

Define a bank.

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