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Money supply includes demand deposits of the people with the Commercial Banks

550 viewsDecember 15, 2023Money and Banking True or False

0

Anurag Pathak28.35K December 15, 2023 0 Comments

True or False with Reasons:

Money supply includes demand deposits of the people with the Commercial Banks.

Anurag Pathak Changed status to publish December 15, 2023

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1 Answer

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Anurag Pathak28.35K Posted December 15, 2023 0 Comments

True,

Demand Deposits of people with commercial banks is one of the components of the money supply.

The money supply consists of two components:

1. Currency with public
2. demand deposits of the public with commercial banks

Anurag Pathak Changed status to publish December 15, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.