The description matches the definition of Narrow money (M2). The inclusion of post office saving deposits along with currency and net demand deposits corresponds to M2.
Money in the form of currency (Notes+Coins) held by the public, Net Demand deposits held by commercial Banks and the saving deposits with Post Office…
CUET UG 2023 — Economics Macro
2023mcqmedium
Money in the form of currency (Notes+Coins) held by the public, Net Demand deposits held by commercial Banks and the saving deposits with Post Office saving banks are known as :
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Broad money
- B
Wide money
- C
Long money
- D
Narrow money
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