GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money with highest return
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Money with zero maturity
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Monetary base or total currency
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Money with sovereign guarantee
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Detailed explanation-1: -What Is Money Zero Maturity? Money of zero maturity (MZM), which represents all money that is readily available, is a measure of the liquid money supply within an economy. It includes money as cash in hand or money in a checking account, for example.
Detailed explanation-2: -Narrow money is also known as M1 and M2. Broad money means M3 and M4. The liquidity of these grades is decreasing. M1 is the most liquid and makes transactions the easiest, while M4 is the least liquid.
Detailed explanation-3: -M1 includes money in circulation plus checkable deposits in banks. M2 includes M1 plus savings deposits (less than $100, 000) and money market mutual funds. M3 includes M2 plus large time deposits in banks. grab your copy of the datasheet!