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[Econ] 點計個M2?

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點計個M2?

點計個M2?
咩唔係4+10+20+12=46???
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you should -5
because the NCD issued by licensed banks (12) includes also those held by the authorized institutions
hope it helps! (:
feel free to pm me if youve got any questions about econ in future

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C
legal tender in the circulation=Cp
NCDs held by authorized institutions means those NCDs are not held by non-bank public,so you need to minus 5 from 12

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