Economics · Money and Banking
Which of the following is included in the M3 monetary aggregate but NOT in the M1 aggregate as per the Reserve Bank of India's classification?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Other deposits with RBI
- 2Currency with the public
- 3Demand deposits with banks
- 4Time deposits with banks✓
Correct answer
Time deposits with banks
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