M3 is the most commonly used measure of money supply. It is also known as aggregate monetary resources. Which of the following is not a component of M3? Option 1: Currency held by public. Option 2: Demand deposits by people with commercial banks. Option 3: Savings deposits with Post Office savings banks. Option 4: Net time deposits of commercial banks.

The answer is 'Savings deposits with Post Office savings banks.'. View full solution:

CUET Economics - M3 is the most commonly used measure of money supply. It is also known as aggregate monetary resources. Which of the following is not a component of M3? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Macro

Medium

Currency held by public.

Demand deposits by people with commercial banks.

Savings deposits with Post Office savings banks.

Net time deposits of commercial banks.

✅ Correct Option: 3

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