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
The correct answer is: C
Explanation
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.