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Question
Which of the following allows customers to withdraw money at any time and on an immediate basis?
Which of the following allows customers to withdraw money at any time and on an immediate basis?
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Solution
The correct option is A M1
M1 represents the money that is readily available in the economy. It includes all currency notes and coins available in the country plus demand deposits. Demand deposits refer to the money deposited in the bank, which can be withdrawn by customers at any point in time.
M1 represents the money that is readily available in the economy. It includes all currency notes and coins available in the country plus demand deposits. Demand deposits refer to the money deposited in the bank, which can be withdrawn by customers at any point in time.
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