Supply of money refers to the _________.

total money held by the public

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total money held by RBI

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total money with all the commercial banks and RBI

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total money in Government account

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Solution

The correct option is A total money held by the public
Money supply refers to the total stock of money of all types ( currency as well as demand deposits) held by the people of a country at a given point of time. Money supply includes both currency held by the public in terms of coins and paper notes as well as demand deposits of the people with the commercial bank.

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What is a commercial bank? Explain various types of accounts with commercial banks.

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