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CBSE Class 12-commerce Answered

What is high powered money?
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
answered-by-expert Expert Answer

High powered money consists of currency held by the public and reserves of the commercial banks which includes vault cash and bank deposits with RBI.

Answered by | 18 Apr, 2016, 12:57: PM

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