Question : Calculate M3 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: 323254
Option 2: 365563
Option 3: 363255
Option 4: 343256
Answer (1)
21st Jan, 2024
Correct Answer:
365563
Solution :
M3= Currency with the public + Demand deposits + Other deposits with RBI + Net time deposits with banks
M3= 82000+34000+4563+245000
M3= 365563
Hence option B is correct.
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