Which of the following formulas related

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Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

Which of the following formulas related to monetary and liquidity aggregates is NOT correct?

Options:

M1 = Currency (notes + coins) + Demand deposits

M4 = M3 + Total deposits with post office savings organisations (excluding national savings certificates)

M2 = M1 + Savings deposits with post office savings banks

M3 = M1 + Net time deposits of post office savings

Correct Answer:

M3 = M1 + Net time deposits of post office savings