The term M 3 comprises M 1 together with deposi... - JAMB Economics 2019 Question
The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______
A
banks only
B
discount houses only
C
banks and discount houses
D
banks, discount houses and stock, exchanges
correct option: c
The money supply consist of M \(^1\) and M \(^3\). M \(^3\) is a measure in money supply. M \(^3\); This is M \(^1\) plus deposits on deposit account held by barks and discount houses.
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