Why the RBI, Commercial banks and govt not included in money supply.
Asked by monuarora82771
18th July 2020,
12:16 PM
Answered by Expert
Answer:
Since thay are suppliers or issue currency, thus cash balances held by them are not in actual circulation or money supply.
Money supply includes currency held by public and net demand deposits in banks.
Answered by Expert
18th July 2020,
1:18 PM
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