Which of the following are part of “Seigniorage”?
1. Interest income on reserves kept with RBI for money creation
2. Interest accruing from bank balances kept with the central bank as interest-free balances in order to meet the reserve requirements
3. Inflation tax
Select the correct answer using the code given below:
1
1 only
2
2 only
3
1 & 2 only
4
All of the above