Question

(37) In an economy, there are Rs. 200 million in currency held outside banks, Rs. 100 million in

travelers’ cheques, Rs. 250 million in currency held inside the banks, Rs. 300 million in checking

deposits and Rs. 700 million in savings deposits. The value of M1 (type of money) is:

(a) Rs. 750 million

(b) Rs. 1200 million

(c) Rs. 1150 million

(d) Rs. 600 million​

Answer 1

Answer:

Option C is the correct answer.