Which of the Following Is an Adequate Definition of Broad

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 and bank deposits
C) 'M3' plus non-deposit borrowings from the private sector by all financial intermediaries (AFIs) , less the holdings of currency and bank deposits by RFCs and cash management trusts
D) None of the listed options are correct.