UPSC CSE Prelims Money Supply, Currency & Digital Payments Flashcards
Master 11 money supply, currency & digital payments concepts for the UPSC CSE Prelims.
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Question
Complete the formula for Reserve Money:
M0 (Reserve Money) = + with RBI + Other deposits with RBI
Question
Complete the formula for Narrow Money:
M1 (Narrow Money) = Currency with the public + with the banking system + with the RBI
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