Which of the Following Is an Adequate Definition of Broad

question 44

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 and bank deposits
• C)'M3' plus non-deposit borrowings from the private sector by all financial intermediaries (AFIs), less the holdings of currency and bank deposits by RFCs and cash management trusts
• D)None of the listed options are correct.

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Definitions:

Tenants in Property

Individuals or entities who hold the right to occupy land or structures rented from a landlord under a lease.

Tenants in Common

Tenants in common refers to a form of co-ownership where each owner has a distinct, undivided interest in the property, which may be unequal in size and may be transferred independently.

Offshore Partnerships

Financial or business arrangements made in jurisdictions with favorable tax laws to maximize profit and minimize tax liability.

Technological Competence

Technological competence involves the knowledge, skills, and abilities to effectively use technological tools and processes in a specific domain or activity.