Economics · Banking and Monetary Supply
High-powered money (Monetary Base) consists of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sum of commercial bank reserves held at the central bank only
- 2Cash balances held by commercial banks for loans and advances
- 3Demand deposits and time deposits held with commercial banks
- 4Sum of commercial bank reserves and total currency held by the public✓
Correct answer
Sum of commercial bank reserves and total currency held by the public
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