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Banking System and Capital Market Questions and Answers for Competitive Exams

Question

What is “narrow money”?

A The sum of currency in circulation and the demand deposits in banks
B The sum of M1 money and the time deposits
C The sum of currency in circulation with the public and the cash reserves held by banks
D The market value of the stocks held by all the holders excluding the promoters

Answer & Explanation

Answer: Option [A]

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