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प्रश्न
Identify the correct statement with reference to the measures of money supply.
विकल्प
M3 includes M2.
M3 includes Time Deposits with commercial banks.
M1 includes Time Deposits with commercial banks.
M2 includes National Saving Certificates.
MCQ
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उत्तर
M3 includes Time Deposits with commercial banks.
Explanation:
M3 (Broad Money)
M3 = M1 + Time Deposits with Commercial Banks
Includes everything in M1, plus time deposits (both fixed and recurring) with banks.
It is the most widely used measure of money supply in India.
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