The term M \(^3\) comprises M \(^1\) together with d...
The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______
Banks only
Discount houses only
Banks and discount houses
Banks, discount houses, and stock exchanges
Correct answer is C
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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