UPSC Civil Services Examination: UPSC Notes (GS-III) Topic: Money Supply (UPSC Economy Notes)
UPSC Civil Services Examination: UPSC Notes (GS-III) Topic: Money Supply (UPSC Economy Notes)
UPSC Civil Services Examination: UPSC Notes (GS-III) Topic: Money Supply (UPSC Economy Notes)
Types of Money
The types of money circulated in an economy are as follows:
Full-bodied money
It is the type of money whose value as money is equivalent to its value as a commodity. E.g. – Gold coin
1. Current Account
2. Fixed deposit
3. Recurring deposit account
M1 = C + DD + OD (Narrow Money)