Mathematics · Data Interpretation
Based on macroeconomic liquidity definitions, calculate the Narrow Money (M1) given the following financial data: • Currency with the public = ₹700 million • Demand deposits with the banking system = ₹500 million • Time deposits with the banking system = ₹250 million • 'Other' deposits with the Central Bank = ₹100 million
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1100 million
- 2₹1350 million
- 3₹1300 million✓
- 4₹1200 million
Correct answer
₹1300 million
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