Q. Consider the following regarding the money supply of a country:

1. Money held with households
2. Money held by Government in treasury
3. Money held by Reserve Bank as CRR

Which of the above is/are included in the money supply?
Answer: Only 1
Notes: The money supply includes currency in circulation and demand deposits accessible to the public, notably including money held with households. Money with the government in the treasury and cash reserve ratio (CRR) held by the Reserve Bank are excluded, as they are not part of the public's spendable funds and do not directly influence liquidity in the economy.