The below table shows Australian monetary aggregates. Note that ‘M3’ is the sum of all the figures in the table and ‘ADI’ stands for Authorised Deposit-taking Institution such as a bank, building society or credit union.
|Australian Monetary Aggregates|
|March 2017, AUD billions|
|Currency|| Current deposits
| Certificates of deposit
issued by banks
| Term deposits
| Other deposits
| Deposits with
Source: RBA Statistical Table D3 Monetary Aggregates.
Which of the following statements is NOT correct?