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Money Creation by Banks · Question 48 of 58

Question 48

MediumOriginal question

Currency held by the public is ₹300 crore and banks' reserves are ₹100 crore. High-powered money is

Options for question 48

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. H = currency held by the public + bank reserves = 300 + 100 = ₹400 crore.

Concept
Calculating H
Typical time
70 s
Your time
—
The rule this testsHigh-powered money
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Ten questions from Money Creation by Banks, at your own pace.

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