JAMB - Economics (2019 - No. 53)
The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______
banks only
discount houses only
banks and discount houses
banks, discount houses and stock, exchanges
Forklaring
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.