12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    Which of following measures of money supply is considered as monetary base?

    A) \[{{M}_{1}}\]

    B) \[{{M}_{2}}\]

    C) \[{{M}_{3}}\] 

    D)  \[{{M}_{4}}\]

    Correct Answer: C

    Solution :

    \[{{M}_{3}}\] is the benchmark currency measure used to control the money supply in the economy.


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