In India, there are four alternative measures of money supply, the correct formula for calculation of M1 is: [1]
A. Currency with people
B. Currency with people + demand deposits
C. Currency with people + demand deposits + other deposits with RBI
D. None of these
Answer:A
In India, there are four alternative measures of money supply, the correct formula for calculation of M1 is: [1]
A. Currency with people B. Currency with people + demand deposits C. Currency with people + demand deposits + other deposits with RBI D. None of these