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MA
Question Practice

What is meant by 'high-powered money'?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Money And Banking
Question Bank

What is meant by 'high-powered money'?

Single Answer MCQ
Q-00089015

What is meant by 'high-powered money'?

1

Money only in circulation

2

Currency held by banks

3

Currency issued by the central bank

4

Total money available in society

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Keep Practising

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What is the primary function of money?

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Q2.

Which function of money allows you to compare the values of different goods?

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Q3.

What determines the demand for money in an economy?

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Q4.

Why is money considered a better method of exchange than barter?

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