explain the measure to money given by rbi
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Till 1967-68 the RBI used to publish only a single measure of money supply (M) defined as the sum of currency and demand deposits, both held by the public. ... It was defined empirically as money narrowly defined plus the time deposits of banks held by the public. From April 1977 yet another change was introduced.
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Till 1967-68 the RBI used to publish only a single measure of money supply (M) defined as the sum of currency and demand deposits, both held by the public. ... It was defined empirically as money narrowly defined plus the time deposits of banks held by the public. From April 1977 yet another change was introduced.
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