Multiple Choice
Which of the following is an adequate definition of broad money?
A) Currency plus bank current deposits of the private non-bank sector.
B) 'M1' plus borrowings from the private sector by non-bank financial institutions less the latter's holdings of currency ad bank deposits.
C) 'M3' plus borrowings from the private sector by non-bank financial institutions.
D) None of the listed options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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