Read the following case study paragraphs carefully and answer the question based on the same. India's total Money Supply (M3) stood at ' 18907383 crore as on April 9th 2020, recording a rise of 11.3% over the same time last year. Currency with the public stood at ' 2787941 crore, up 16.7% over the year. Demand deposits with banks were up 17% at ' 1867606 crore. Time deposits with banks were also up 9.6% at ' 14205545 crore. The bank credit to commercial sector edged up 5.1% on year to ' 11552069 crores. However, this indicates moderation from 7.2% at the same time last year.
Read the following case study paragraphs carefully and answer the question based on the same.
India's total Money Supply (M3) stood at ' 18907383 crore as on April 9th 2020, recording a rise of 11.3% over the same time last year. Currency with the public stood at ' 2787941 crore, up 16.7% over the year. Demand deposits with banks were up 17% at ' 1867606 crore. Time deposits with banks were also up 9.6% at ' 14205545 crore. The bank credit to commercial sector edged up 5.1% on year to ' 11552069 crores. However, this indicates moderation from 7.2% at the same time last year.
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