Narrow money: Difference between revisions
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Revision as of 12:46, 25 March 2020
Economics.
A category of money supply which includes all physical money (coins and currency) plus demand deposits and other liquid assets held by the central bank.
The classifications of narrow money vary between different jurisdictions.
In the US narrow money is M1 (M0 + demand accounts), while in the UK M0 is termed narrow money.
