CBSE Class 12-commerce Answered
What is the difference between money and high powered
money?
Asked by Topperlearning User | 18 Apr, 2016, 10:57: AM
Expert Answer
Money consists of currency and demand deposits and the high powered money consists of currency and cash reserves with banks.
Money= R + D, where R is the currency with the public and D is the demand deposits.
High Powered Money = R + C, where R is the currency with the public and C is the cash reserves of banks.
Answered by | 18 Apr, 2016, 12:57: PM
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