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Start learning 50% faster. Sign in nowMonetary base and high-powered money both include the total liability of RBI · The Monetary base includes bank reserve and currency in circulation. · High Power Money (Reserve Money or Base Money) – High power money is the base of money supply expansion in the economy. High Power Money = C + OD + CR. C = Currency with the public OD = Other Deposits of the general public with the RBI (insignificant) CR = Cash Reserves of banks which consists of (i.) Cash with banks themselves and (ii) Bankers deposits with RBI.
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Read the following sentences carefully, choose the one that is grammatically/contextually incorrect, and mark it as your answer.