Test Index

JAMB Economics 2019 Paper

© africaexams.com

Question : 53

Total: 80

The term M

^3

^1

together with deposits on deposit account held by_______

banks only
discount houses only
banks and discount houses
banks, discount houses and stock, exchanges

Solution:

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.

© africaexams.com

Go to Question:

Prev Question

Next Question