In monetary terminology, what is called the 'monetary base' or 'high powered money'? a) the total assets of RBI b) the total liability of RBI c) the total debt of the government d) the total foreign exchange of RBI

In monetary terminology, what is called the 'monetary base' or 'high powered
money'?
a) the total assets of RBI
b) the total liability of RBI
c) the total debt of the government
d) the total foreign exchange of RBI
by

1 Answer

Answer :

b) the total liability of RBI
This includes the currency (notes and coins in circulation and vault cash of
commercial banks) along with the deposits held by the Government of India ad
commercial banks with RBI.
by

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