Question

In a hypothetical economy, Mr. Neeraj has deposited ₹100 in the bank. If it is assumed that there is no other currency circulation in the economy, then the total money supply in the economy will be ____________.

Options

• zero

• ₹ 100

• not defined

• ₹ 120

Answer 1

In a hypothetical economy, Mr. Neeraj has deposited ₹ 100 in the bank. If it is assumed that there is no other currency circulation in the economy, then the total money supply in the economy will be ₹ 100.