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Consider the following: 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks Which of these are included in Broad Money (M3) in India

Consider the following: 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks Which of these are included in Broad Money (M3) in India?

(a)

1 and 2

(b)

1 and 3

(c)

2 and 3

(d)

1, 2 and 3

Answer:

(d)

Explanation