Question : Calculate M3 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: 2000
Option 2: 1850
Option 3: 1800
Option 4: 1950
Answer (1)
17th Jan, 2024
Correct Answer: 1850
Solution :
M3= Currency with the public + Demand deposits + Other deposits with RBI + Net time deposits with banks
M3= 820+340+450+240
M3= 1850
Hence option B is correct.
Comments (0)
