M4 refers to M3 + All deposits with post office

Consider the following statements regarding the measures of money supply in India-
1. M1 refers to currency with the public + demand deposits with the banking system + other deposits with the RBI
2. M4 refers to M3 + All deposits with post office
Choose the correct answer from the statements given above-
(a) Only 1
(b) Only 2
(c) 1 & 2
(d) None of the above

Anurag Mishra Professor Asked on 29th June 2016 in Economics.
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  • 1 Answer(s)

    Answer: (a) Only 1

    Anurag Mishra Professor Answered on 6th July 2016.
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