Download App

Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking1 Mark
Question
Define high-powered money.
✓

Answer

High-powered money is money produced by the RBI and the government. It consists of two things:
  1. Currency held by the public.
  2. Cash reserves with the banks.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer The Following Questions In One Sentence.[1 Marks Each]" from Money and Banking→Money and Banking — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

What is meant by revenue deficit?
→
Given the consumption function C = 250 + 0.75Y, what will be the value of multiplier?
→
Which factors lead to a shift of the Production Possibility Curve?
→
Give one reason for an 'increase' in supply of a commodity.
→
Can APC be zero?
→
What is meant by average cost?
→
Categorize the following items into Direct and Indirect Taxes.
Statement-Value Added tax.
→
Define marginal rate of substitution.
→
What does deflationary gap measure?
→
What role of RBI is known as ‘lender of last resort’?
→