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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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