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प्रश्न
______ is the total liability of the monetary authority of the country.
पर्याय
Legal tender
Fiat money
High powered money
None of the above
MCQ
रिकाम्या जागा भरा
उत्तर
High-powered money is the total liability of the monetary authority of the country.
Explanation:
The complete obligation of the country's monetary authority is high-powered money.' The RBI creates this, which is also known as the monetary basis. Currency (notes and coins), government deposits, and commercial bank reserves with the RBI are all examples of high-powered money. To summarise, high-powered money is
H = C + R
Where
H = High powered money
C = Currency
R = Cash Reserves of commercial banks.
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