Discussion Forum : Nabard & Other Bank Examinations
Question -
Which of the following is known as broad money?
Answer: Option A
M3 IS KNOWN AS BROAD MONEY AS MORE ITEMS ARE INCLUDED IN THIS MEASURE WHEN COMPARED TO M1 WHICH IS KNOWN AS NARROW MONEY.
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M3 IS KNOWN AS BROAD MONEY AS MORE ITEMS ARE INCLUDED IN THIS MEASURE WHEN COMPARED TO M1 WHICH IS KNOWN AS NARROW MONEY.
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