wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Broad money refers to _______.

A
M1
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
M2
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
M3
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
M4
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C M3
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Rate of Change
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon