Advertisements
Advertisements
Question
Which expression represents M4?
Options
\[M4 = M3 + \text{Total deposits with Post Office savings organisations (excluding National Savings Certificates)}\]
\[M4 = M1 + \text{Total deposits with Post Office savings organisations (including National Savings Certificates)}\]
\[M4 = M3 + \text{National Savings Certificates}\]
\[M4 = M2 + \text{Net time deposits of commercial banks}\]
MCQ
Advertisements
Solution
M4 includes M3 plus total deposits with Post Office savings organisations. National Savings Certificates are excluded from these deposits.
shaalaa.com
Is there an error in this question or solution?
