Economics · Money and Banking
Which of the following correct components define the Reserve Money (M0) in India?
- 1Currency in circulation + Bankers' deposits with RBI
- 2Bankers' deposits with RBI + 'Other' deposits with RBI
- 3Currency in circulation + Bankers' deposits with RBI + 'Other' deposits with RBI✓
- 4Currency with the public + Demand deposits with banks
Correct answer
Currency in circulation + Bankers' deposits with RBI + 'Other' deposits with RBI
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