Supply of money refers to ____.
Supply of money refers to ____.
(a) Currency held by the public
(b) Currency held by Reserve Bank of India (RBI)
(c) Currency held by the public and demand deposits with commercial banks
(d) Currency held in the government account
Anurag Pathak Changed status to publish December 15, 2023
Ans – (c)
Explanation:
Money supply refers to the stock of money held by the public at a point of time.
It has two components:
1. Current held by public
2. demand deposits of public with the commercial banks
Anurag Pathak Changed status to publish December 15, 2023
