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High-powered money (monetary base) consists of ______. - Economics

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Question

High-powered money (monetary base) consists of ______.

Options

  • Currency held by public

  • Currency held by the banks in their vaults

  • Deposits held by the banks as reserves with the central bank

  • All of these

MCQ
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Solution

All of these

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Chapter 13: Money: Meaning and Functions - TEST YOURSELF QUESTIONS [Page 247]

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Frank Economics [English] Class 12 ISC
Chapter 13 Money: Meaning and Functions
TEST YOURSELF QUESTIONS | Q 7. | Page 247
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