CBSE Class 12-commerce Answered
Measures of supply of money are as follows:
i. M1 = CU + DD, where CU is currency held by public and DD demand deposits with banks.
ii. M2 = M1 + Savings Deposits with Post Office savings bank
iii. M3 = M1 + Net time deposits of commercial banks
iv. M4 = M3 + Total Deposits with Post Office savings organisation which excludes National savings Certificates.