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Money Creation by Banks · Question 54 of 58

Question 54

MediumOriginal question

High-powered money is ₹500 crore and the money multiplier is 3. Money supply is

Options for question 54

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. M = 3 × 500 = ₹1,500 crore.

Concept
Money supply from H
Typical time
70 s
Your time
—
The rule this testsHigh-powered money
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