The Reserve Bank of India defines narrow money as

A)
CU (currency notes + coins) + DD (net demand deposits held by commercial banks)
B)
CU + DD + saving deposits with post office savings banks
C)
CU + DD + net time deposits of commercial banks
D)
CU + DD + net time deposits of commercial banks + total deposits of post offices

Correct Answer : Option (B) - CU + DD + saving deposits with post office savings banks


Published On : May 21, 2021
Category : Banking