Q.

What is "narrow money"?

A. The sum of currency in circulation and the demand deposits in banks
B. The sum of MI 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» A. The sum of currency in circulation and the demand deposits in banks
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Economics (GK)

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