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According to traditional measures of Money Supply - M1 = C + ? * |
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Answer» Explanation: M1 - Money supply refers to stock of money of all types of held by the PEOPLE of country at the point of time M1= C + DD + OD C - currency held by the public in terms of PAPER notes and coin DD - direct DEPOSIT held by the public with commercial banks OD - Other deposit with public financial institution, foreign central bank ETC |
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