High-powered money is the base upon which the entire money supply (like M1, M2, M3) is built through the money multiplier process.
High powered money comprises
Asked in WBCS Main Paper 5 2022 · Topic: Money & Banking (Money: Functions, Forms, and Measures of Money Supply)
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Answer: C. Currency in circulation with the public + Bankers' deposits with RBI + 'Other' deposits with RBI
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