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Commerce · Q1376

Economics

Graduate and Post Graduate · Commerce · question 1376

Q1376

Which of the following statement is not correct?

A.
M4 = M3 + total deposits of post offices
B.
M3 = M1 + total deposits of banks
C.
M1 = M2 + M3 + M4
Answer
D.
M2 = M1 + deposit in post office savings account

Answer: Option C

Solution

Answer: Option C
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