Q. High powered money is:- (Solved)
1. bank's reserves at central bank
2. all loans and advances of banks.
3. money held by banks.
4. currency held by public and reserves with the central bank.
5. None of these
- a. bank's reserves at central bank
1. bank's reserves at central bank
2. all loans and advances of banks.
3. money held by banks.
4. currency held by public and reserves with the central bank.
5. None of these