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Question
In terms of money supply,
Currency note and coins in circulation + Net demand deposits held in commercial banks = _____
In terms of money supply,
Currency note and coins in circulation + Net demand deposits held in commercial banks = _____
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Solution
The correct option is A M1
The four different measures used to calculate the total money supply in India are M1, M2, M3, and M4.
M1 represents a country's basic money supply. It encompasses the currency notes and coins in circulation and the net demand deposits held in commercial banks.
The four different measures used to calculate the total money supply in India are M1, M2, M3, and M4.
M1 represents a country's basic money supply. It encompasses the currency notes and coins in circulation and the net demand deposits held in commercial banks.
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