High powered money comprises
A. Currency held by the public + Cash reserves of banks
B. Currency held by the public + Demand and time deposits + Cash reserves of banks
C. Currency held by the public + Cash reserves of banks + Other deposits of RBI
D. Currency held by the public + other deposits of RBI
Answer:C
High powered money comprises
A. Currency held by the public + Cash reserves of banks B. Currency held by the public + Demand and time deposits + Cash reserves of banks C. Currency held by the public + Cash reserves of banks + Other deposits of RBI D. Currency held by the public + other deposits of RBI