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High powered money is equal to:  (a) DD + CU  (b) CU + R  (c) DD + R (d) None of these

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in Money and Banking by (25.6k points)

High powered money is equal to: 

(a) DD + CU 

(b) CU + R 

(c) DD + R 

(d) None of these

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1 Answer

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by (27.3k points)

Correct answer is (b) CU + R

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