High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India. In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country. It consist of (i) currency (notes and coins)Read more
High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India.
In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country.
It consist of (i) currency (notes and coins) in the hands of public(C)
(ii) Cash reserve of commercial banks ( R )
(iii) Other deposits with R.B.I. (O D).
Formula = H = C + R + OD
Define High powered Money?
High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India. In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country. It consist of (i) currency (notes and coins)Read more
High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India.
In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country.
It consist of (i) currency (notes and coins) in the hands of public(C)
(ii) Cash reserve of commercial banks ( R )
(iii) Other deposits with R.B.I. (O D).
See lessFormula = H = C + R + OD