Question : Which of these measures of money supply is referred to as the aggregate monetary resources?
Option 1: M4
Option 2: M1
Option 3: M2
Option 4: M3
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Correct Answer: M3
Solution : The correct option is M3.
"Aggregate monetary resources of society" is another name for M3. Total deposits made with post office savings banks equal M1 plus M3. (With the National Savings Service (NSC) excluded.) The money supply is measured using M3, which is extensively utilised.
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