Deposit held in a commercial bank are part of

Prof Lawrence

11 years ago

It's Definetly the Money Supply ( option A) ....and the Money Supply Constitutes Mainly of The Current Account !!!! It is Also referred to as the Deman Deposit Money and Is mathematically represented by an alpha-numerical Symbol which is The "M1"....Apparently , this Demand deposit centres as a pivot on which the commercial bank can create and destroy Money ...other appendages can be referred to as the "M2" . And it is mathematically calculated as M2=M1 + Savings Deposit + Fixed Deposit