Economics · Banking and Currency
How is broad money defined in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only currency with the public
- 2Currency with the public + Time deposits with banks
- 3Currency with the public + Demand deposits with banks
- 4Currency with the public + Demand deposits with banks + 'Other' deposits with RBI + Time deposits with banks✓
Correct answer
Currency with the public + Demand deposits with banks + 'Other' deposits with RBI + Time deposits with banks
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