Broad money refers to _______.

M_{1}

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M_{2}

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M_{3}

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M_{4}

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Solution

The correct option is C $M_{3}$
As per the definition of M3 as a measure of money stock in India, it can be defined as M2 plus time deposits with commercial banks. Since, this serves as a broad definition of money supply, M3 is termed as broad money.

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Similar questions

M 1, M 2, M 3

Money supply is classified into $M_{1}, M_{2}, M_{3}$ and $M_{4}$ based on:

Consider the following statements related to money supply:-

Which of the above statements are incorrect?

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