Question : Calculate M2 from the following-
Currency with public- 82000
Demand deposits with banks- 34000
Other deposits with RBI- 4563
Total deposits with Post office- 2240
Time deposits with banks- 2,45,000
Post office savings bank deposits- 2683
Option 1: 123254
Option 2: 123255
Option 3: 123256
Option 4: 123257
Answer (1)
23rd Jan, 2024
Correct Answer:
123256
Solution :
M2= Currency with the public + Demand deposits + Other deposits with RBI + Savings deposits with post office saving bank
M2= 82000+34000+4563+2683
M2= 123256
Hence option C is correct.
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