MCQOPTIONS
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| 1. |
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» B. The sum of MI money and the time deposits | |