Question
NBFC Deposits are added in which of the
following?Solution
Liquidity Aggregates: L1 = M3 + All deposits of post office saving banks excluding National Savings Certificates (NSCs) L2 = L1 +Ā Term Deposits with Term Lending Institutions and Refinancing institutions (FIs) + Term borrowing by Refinancing Institutions + Certificate of Deposits issued by Fls. L3 = L2 +Ā Public Deposit of Non-Banking Finance Companies (NFBCS)
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