The Reserve Bank of India defines narrow money as – McqOptions

MCQOPTIONS

1.	The Reserve Bank of India defines narrow money as
A.	CU (currency notes + coins) + DD (net demand deposits held by commercial banks)
B.	CU + DD + saving deposits with post office savings banks
C.	CU + DD + net time deposits of commercial banks
D.	CU + DD + net time deposits of commercial banks + total deposits of post offices
Answer» C. CU + DD + net time deposits of commercial banks

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