09-09-2021
Business

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calculating broad money supply?

Respuesta :

pranavkumar52004 pranavkumar52004

09-09-2021

Answer:

M3 (Broad Money)

M3 = M1 + Time deposits with commercial banks (Fixed deposits, Recurring deposits). MIND IT: M3= M1+time and NOT M3=M2+time.

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