What do you understand by the term currency in circulation? How is different from vault cash? Explain

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What do you understand by the term “currency in circulation”? How is different from vault cash?

Explain the relationship between vault cash and bank reserves.

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Money Banking And The Financial System International Edition

ISBN: 978-1292000183

2nd Edition

Authors: R. Glenn Hubbard ,Anthony P Obrien

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Question Posted: Mar 16, 2024 11:00 PM

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What do you understand by the term currency in circulation? How is different from vault cash? Explain

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Currency in circulation refers to the physical cash banknotes and coins that is in the hands of the ...View the full answer

Money Banking And The Financial System International Edition

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