Which of the following is not a part of money supply ?

Recurring deposits

The correct answer is option (4) : Recurring deposits

The money supply refers to the total amount of money in circulation, including cash, checking account balances, and other forms of easily accessible funds.

Saving deposits and e-wallets are both forms of money. They are part of money Supply.

Reserve Money is the currency issued by the central bank which can be held by the public or by the commercial banks, and is also called the ‘high-powered money’ or ‘monetary base’ as it acts as a basis for credit creation. It is thus a part of money supply.

Recurring deposits are not part of money supply. A recurring deposit is a type of fixed deposit account offered by banks, where a fixed amount is deposited at regular intervals, such as monthly or quarterly. While recurring deposits can be a useful tool for saving money, they are not considered part of the money supply, as they are not immediately available for spending and do not circulate as currency.