Question 40
MediumOriginal 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 M2?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
M2 = M1 + savings deposits with post office savings banks.
= 810 + 60 = ₹870 crore.
- Concept
- Calculating M2
- Typical timeTypical
- 70 s
- Your timeYours
- —
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