Which of the Following Is an Adequate Definition of Broad

question 37

Multiple Choice

Which of the following is an adequate definition of broad money?

• A) Currency plus bank current deposits of the private non-bank sector.
• B) 'M1' plus borrowings from the private sector by non-bank financial institutions less the latter's holdings of currency ad bank deposits.
• C) 'M3' plus borrowings from the private sector by non-bank financial institutions.
• D) None of the listed options are correct.

---

Definitions:

Normally Distributed Curves

Graphical representations of a normal distribution, showing how data points are symmetrically distributed around the mean.

Mean

A statistical measure representing the average value in a set of numbers, calculated by dividing the sum of all values by the number of values.

Median

The middle value in a list of numbers, which divides the dataset into two halves.

Mode

The value that occurs most frequently in a given set of data.