Which of the following are identified as broad money?
A
M1
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B
M2
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C
M3
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D
M4
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Solution
The correct option is D M4 The money represented by M3 and M4 includes time deposits. It means they cannot be withdrawn or used by the people immediately like M1 and M2, which represent narrow money. Therefore, M3 and M4 are termed as broad money.