The term M 3^3 comprises M 1^1 together with deposits on deposit account held by_______

  • A banks only
  • B discount houses only
  • C banks and discount houses
  • D banks, discount houses and stock, exchanges
jamb 2019economics

The correct answer is C. banks and discount houses

The money supply consist of M 1^1 and M 3^3. M 3^3 is a measure in money supply. M 3^3; This is M 1^1 plus deposits on deposit account held by barks and discount houses.

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