Economics · Money and Banking
As per the recommendations on liquidity aggregates, L2 is formulated as:
- 1L1 + Certificates of Deposit issued by Development Financial Institutions
- 2L1 + Term deposits with Development Financial Institutions
- 3L1 + Term deposits with Development Financial Institutions + Term borrowings by Development Financial Institutions + Certificates of Deposit issued by Development Financial Institutions✓
- 4L1 + Total deposits with Post Office Savings Bank
Correct answer
L1 + Term deposits with Development Financial Institutions + Term borrowings by Development Financial Institutions + Certificates of Deposit issued by Development Financial Institutions
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