Which component forms high-powered money?

CA Foundation · Business Economics · MTP · May 2026
Which component forms high-powered money?
(A) A. Currency with public
(B) B. Bank reserves with central bank
(C) C. Currency with banks
(D) D. All of the above

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. All of the above

Topics: Money Market

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