Economics · Economics
Which of the following is the correct formula for calculating M1 money supply in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Currency with the public + Demand deposits with banks
- 2Currency with the public + Time deposits with banks
- 3Currency with the public + Demand deposits with banks + Other deposits with RBI + Savings deposits with post office savings banks✓
- 4Currency with the public + Demand deposits with banks + Other deposits with RBI
Correct answer
Currency with the public + Demand deposits with banks + Other deposits with RBI + Savings deposits with post office savings banks
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