Question

In India, the monetary aggregate M3 (also called Broad

Q: Answer-In India, the monetary aggregate M3 (also called Broad Money) includes:

Answer b Currency with the public Demand deposits Time deposits with banks Other deposits with RBI Explanation RBI defines monetary aggregates as M1 Narrow Money Currency with public Demand deposits Other deposits with RBI M2 M1 Savings deposits with Post Offices M3 Broad Money M1 Time deposits with banks most commonly used M4 M3 Total deposits with Post Offices excluding NSCs.

Money) includes:

A Currency with the public + Demand deposits with banks

B Only currency and demand deposits, excluding time deposits

C Currency with the public + Demand deposits + Time deposits with banks + Other deposits with RBI

D Currency with the public + Demand deposits + Net time deposits with RBI only

E High-powered money (M0) plus demand deposits

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In India, the monetary aggregate M3 (also called Broad

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