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Question A M1 No worries! We‘ve got your back. Try BYJU‘S free classes today! B M2 No worries! We‘ve got your back. Try BYJU‘S free classes today! C M3 Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses D M4 Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
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Solution The correct option is D M4
The money represented by M3 and M4 includes time deposits. It means they cannot be withdrawn or used by the people immediately like M1 and M2, which represent narrow money. Therefore, M3 and M4 are termed as broad money.
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