Question : Calculate M4 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: 363254
Option 2: 365563
Option 3: 367803
Option 4: 343256
Answer (1)
9th Jan, 2024
Correct Answer:
367803
Solution :
M4= Currency with the public + Demand deposits + Other deposits with RBI + Net time deposits with banks + Total deposits with post office.
M3= 82000+34000+4563+245000+2240
M3= 367803
Hence option C is correct.
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