Question : Calculate M2 from the following-
Currency with public- 820
Demand deposits with banks- 340
Other deposits with RBI- 450
Total deposits with Post office- 220
Time deposits with banks- 240
Post office savings bank deposits- 260
Option 1: 1890
Option 2: 1880
Option 3: 1870
Option 4: 2000
Answer (1)
26th Jan, 2024
Correct Answer: 1870
Solution :
M2= Currency with the public + Demand deposits + Other deposits with RBI + Savings deposits with post office saving bank
M2= 820+340+450+260
M2=1870
Hence option C is correct.
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