Answer to Question #309711 in Economics for Girly

Question #309711

Which one of the following equations is true?

a. M3 = M1 + M2 + M3

b. M2 = M3 – M1

c. M = C + D

d. M1 = M3 – M2

Expert's answer

Money supply (M) = sum of currency (C) + demand deposits (D).

So, the correct answer is c.

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