Consider the following statements:
1. Money supply is a flow variable and is measured for a certain period.
2. Interbank deposits, which one commercial bank deposits in another bank, are not included in the money supply.
3. M1 and M2 are called broad money and re-least liquid of all.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 only
3
2 and 3 only
4
1, 2 and 3
5
Only 3