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Which of the following is a component of money supply
Current Account
Recurring Account
Term Deposit Account
All of the above
- Current Account:
- These are demand deposit accounts and are considered part of the money supply. They are used for day-to-day transactions and withdrawals.
- Recurring Account:
- These are savings accounts where money is deposited in regular intervals. They are not directly part of the money supply.
- Term Deposit Account:
- These are fixed deposits with longer tenures. They are generally not included in the money supply as they are not immediately liquid.
- All of the above:
- This is incorrect since both recurring and term deposits are not considered part of the immediate money supply.
By: santosh ProfileResourcesReport error
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