The sum of which of the following constitutes Broad Money in India Currency with the Public Demand d...........

Economic Affairs Money Supply and Monetary Policy

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The sum of which of the following constitutes Broad Money in India?

Currency with the Public
Demand deposits with banks
Time deposits with banks
Other deposits with RBI

Choose the correct answer using the codes given below:

1 and 2

1, 2 and 3

1, 2, 3 and 4

1, 2 and 4

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Explanation:

Broad money is a category for measuring the amount of money circulating in an economy. It is defined as the most inclusive method of calculating a given country's money supply, and includes narrow money along with other assets that can be easily converted into cash to buy goods and services.