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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


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

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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