Currency issued by the central bank, the basis for credit creation, is…

Question

Currency issued by the central bank, the basis for credit creation, is called:

Accepted Answer

A. High-powered money

1. It may be held by the public or by banks.
2. It is high-powered or reserve money.
3. It is also called the monetary base.
_Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._

Answer

Bank fixed deposits

Answer

Bank demand drafts

Answer

Treasury bill notes

Currency issued by the central bank, the basis for credit creation, is called:

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