Choose the correct statement.
M2=M3 - Net time deposits
M3=M2 - Post office savings deposits + Net time deposits.
M4= Currency + Deposits - M3
M1= Currency + Deposits - M3
M2=M1 + Savings deposits with Post Office savings banks
M3=M1 + Net time deposits of commercial banks
The M3 Concept of Money Supply includes 1. Time Deposits with Banks 2. Savings account deposits with Post Offices 3. Demand Deposits with Banks 4. Currency held by the public Select the correct answer using the codes given below:
Consider the following statements related to money supply:-
Which of the above statements are incorrect?
2 and 3 only
2, 3 and 4 only
1, 2 and 4 only
1, 2 and 3 only