Which of the following is typically included in the definition of narrow money (M1)?
Currency and demand deposits are typically included in narrow money. They can be used directly for payments, while time deposits and money market mutual funds are not part…
Choose your answer
Which of the following is typically included in the definition of narrow money (M1)?
Answer and explanation
Correct answer C
Currency and demand deposits are typically included in narrow money. They can be used directly for payments, while time deposits and money market mutual funds are not part of the conventional narrow-money aggregate.
Practice for these exams
-
Kerala SET (LBS Centre)