Economics · Money and Banking
In India's monetary aggregates classification, M3 (Broad Money) is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Currency in circulation plus demand deposits only
- 2M2 plus deposits with non-banking financial companies
- 3M1 plus time deposits with the banking system✓
- 4M1 plus savings deposits with post office savings banks
Correct answer
M1 plus time deposits with the banking system
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