Consider the following statements about the broad money M4 1 ...........

Economic Affairs Money Supply and Monetary Policy

Consider the following statements about the broad money(M4)

1. M4 indicates the lowest level of liquidity.

2. M4 excludes national savings certificate.

3. It is also known as aggregate monetary resources.

4. It is the most commonly used measure of money supply.

Which of the statements given above is/are not correct?

1 and 2 only

3 and 4 only

1, 2 and 4 only

1, 3 and 4 only

M4 is least liquid of all. M3 is the most commonly used measure of money supply. It is also known as aggregate monetary resources.

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not correct asked, but answered as correct one