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It is essentially the central bank's money. It is also called high-powered money, base money and central bank money. As per the definition, reserve money equals currency in circulation plus bankers' deposits with RBI plus 'other' deposits with RBI. It is the base level for money supply or the high-powered component of money supply.
Which of the following statements is/are correct?
1. The NEP 2020 replaces the National Policy on Education of 1986.
2. A committee under ...
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