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The term M \(^3\) comprises M \(^1\) together with deposits on deposit ...

The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Banks only
  • B Discount houses only
  • C Banks and discount houses
  • D Banks, discount houses and stock, exchanges
Correct Answer: Option C
Explanation:
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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