Question 53
HardOriginal questionMoney data for an economy:
| Item | ₹ crore |
|---|---|
| Currency held by the public | 500 |
| Demand deposits with banks | 300 |
| Other deposits with the RBI | 10 |
| Net time deposits with banks | 900 |
| Savings deposits with post office savings banks | 60 |
| Other deposits with post office savings banks | 140 |
What is M4?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
M4 = M3 + all deposits with post office savings organisations.
= 1,710 + 60 + 140 = ₹1,910 crore.
- Concept
- Calculating M4
- Typical timeTypical
- 100 s
- Your timeYours
- —
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