Economics · Money and Banking
As per the recommendations on liquidity aggregates, L3 is formulated as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1L2 + Certificates of Deposit issued by Development Financial Institutions
- 2L2 + Total Post Office deposits
- 3L2 + Term deposits with Development Financial Institutions
- 4L2 + Public deposits of Non-Banking Financial Companies✓
Correct answer
L2 + Public deposits of Non-Banking Financial Companies
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