Which of the following is not included in the M1 concept of money?
Time deposits with banks are excluded from M1. M1 comprises currency with the public, demand deposits with banks and other deposits with the Reserve Bank of India.
Choose your answer
Which of the following is not included in the M1 concept of money?
Answer and explanation
Correct answer D
Time deposits with banks are excluded from M1. M1 comprises currency with the public, demand deposits with banks and other deposits with the Reserve Bank of India.
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Madhya Pradesh SET (MP SET)