Question

why are term deposits not considered a part of M1 measurement of money supply

class 12 cbse economics question

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Answer 1

Answer:

M1 is the money supply that is composed of physical currency and coin, demand deposits, travelers' checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts. ... However, "near money" and "near, near money," which fall under M2 and M3, cannot be converted to currency as quickly.

Answer 2

Answer:

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