Fill in the blanks : In a modern economy, money comprises of _ _ _ _ _ _ _ _ and _ _ _ _ _ _ _ _.
Answer & explanation
Correct answer: option 4
The correct answer is option (4) : Cash and Bank deposits
"In a modern economy, money comprises cash and bank deposits. Depending on what types of bank deposits are being included, there are many measures of money. These are created by a system comprising two types of institutions: central bank of the economy and the commercial banking system."