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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking2 Marks
Question
What is the difference between money and high powered money?
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Answer

The difference between money and high powered money lies in the fact that the former consists of currency and demand deposits and the later consists of currency and cash reserves with the bank. High powered money is also known as 'monetary base'.

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