M1 =

currency held by the public + demand deposits with banks + other deposits with the RBICorrect answerYour answercurrency held by the public + time deposits with banksCorrect answerYour answerM3 + post office depositsCorrect answerYour answercurrency + gold reservesCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

M1 is narrow money: the most liquid forms, ready to spend.

Concept: M1
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsThe supply of money: M1 to M4

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Ten questions from Money and Its Functions, at your own pace.

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Ten questions from Money and Its Functions, at your own pace.

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M1 =

Explanation