Start learning 50% faster. Sign in now
M₂ includes all components of M₁ (which comprises currency in the hands of the public and demand deposits, or other liquid deposits), plus savings deposits (including money market deposit accounts), small-denomination time deposits (certificates of deposit, or CDs, of under $100,000), and retail (small-denomination) money market mutual fund shares. These elements are seen as "near money" and can be readily converted to cash, therefore, they are included in the broader measure of the money supply known as M₂. Post office savings are included as they are a type of savings deposit. National Saving Certificates, coins and currency notes, and demand deposits are not added to M₁ to get M₂, as these are either already accounted for in M₁ or are different form of savings assets.
Suppose that x and y are distinct variables that take values from (1, 2, 3, 4, 5, 6). What is the probability that the value of the expression xy+x+y is...
What is the remainder when 220 is divided by 3?
The breaking up and decay of exposed rocks by temperature changes, frost action, plants, animals and human activity is called:
Identify the correct statement(s) regarding the RBI and gold imports:
1. The RBI is exempt from paying import levies on gold.
2. The total...
India became the winner of the International Badminton Championship Thomas Cup 2022 by defeating which of these countries?
Which statement correctly reflects the feature of BBPS?
I - The Bharat Bill payment system is a Reserve Bank of India ( RBI ) conceptualised s...
Which amongst the following sectors generates the second-largest employment in India?
The book ‘Lockdown Liaisons’ authored by Shobhaa De and Published by:
The Indian Navy received its first P15B stealth guided-missile destroyer “Visakhapatnam-class” on October 28, 2021 which company was behind its manu...
Who is the nodal agency for implementing the Pradhan Mantri Awas Yojana (PMAY)?