Difference between bank money and high …
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Yogita Ingle 6 years, 3 months ago
Money consists of currency and demand deposits and the high powered money consists of currency and cash reserves with banks.
Money= R + D, where R is the currency with the public and D is the demand deposits.
High Powered Money = R + C, where R is the currency with the public and C is the cash reserves of banks.
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