Which of the following is a component if money supply? *
1 point
(a) Gold reserves
(b) Demand deposits
(c) Time deposits
(d) None of these
Answers
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3
Answer:
gold reserves is correct statements
Explanation:
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0
Answer:
Money supply consists of various components as follows: Currency, demand and time deposits in commercial banks, and other types of deposits are the total amount of money in an economy:
1. Currency (notes and coins) with the people
2. Demand deposits with the banks.(savings and current account)
3. Time deposit with the bank. (Fixed deposit and recurring deposit)
Explanation:
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