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M3 and M4 are known as________money.
Both (1) and (2)
None of these
Option (1) is correct.
Explanation: M4 and M3 are known as broad money. M3 M1 + Time deposits of all commercial banks and co-operative banks (excluding interbank time deposits). M1 = M3
+ Total deposits with the Post Office Saving Organisation (excluding National Saving Certificate). These measures of money supply are called broad money as they includes less
By: Parvesh Mehta ProfileResourcesReport error
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