Narrow Money includes:
1.Currency held by the public
2.Demand Deposits
3.Time Deposits
Choose the correct option from the codes given below:

Answer: [B] Only 1 & 2

Narrow money is a category of money supply that includes all physical money like coins and currency along with demand deposits and other liquid assets held by the central bank. Time deposits are not counted in narrow money.

This question is a part of GKToday's Integrated IAS General Studies Module