Consider the following statement regarding concept of money: 1. \[{{M}^{1}}\]Money with the Public (currency notes and coins) + Demand deposits of banks (on current and saving bank accounts) + Other demand deposits with RBI. It is highly liquid and banks will not be able to run their lending programmes on this basis. 2. \[{{M}^{2}}\]: \[{{M}^{1}}\]+ Saving bank deposits with Post-offices. 3. \[{{M}^{3}}\]: \[{{M}^{2}}\] + Term deposits with the bank. 4. \[{{M}^{4}}\]: \[{{M}^{3}}\] + All deposits of Post-offices. Which among the following is correct?

• A. 1, 2, 3, 4           
• B.        1, 2, 3
• C. 1, 3, 4           
• D.        1, 2, 4