In the terminology of economics and money demand, the term M1 and M2 are also known as:
Narrow money comprises the relatively liquid monetary aggregates M1 and M2 in the Indian classification. M2 adds post-office savings deposits to M1, while broad money…
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In the terminology of economics and money demand, the term M1 and M2 are also known as:
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Correct answer D
Narrow money comprises the relatively liquid monetary aggregates M1 and M2 in the Indian classification. M2 adds post-office savings deposits to M1, while broad money includes less liquid deposit balances.
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Maharashtra and Goa SET (MH SET)