What is ‘Narrow Money’?1). The sum of currency in circulation and – InterviewSolution

1.	What is ‘Narrow Money’?1). The sum of currency in circulation and the demand deposits in banks2).3). The sum of currency in circulation with the public and the cash reserves held by banks4). The market value of the stocks held by all the holders excluding the promoters
Answer» NARROW Money is the SUM of CURRENCY in circulation and the demand DEPOSITS in banks.

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