Broad money: Difference between revisions
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''Economics.'' | ''Economics.'' | ||
A measure of money supply in the economy that includes physical money (currency and coins), demand deposits at commercial banks, and other monies held in easily accessible accounts. | A measure of money supply in the economy that includes physical money (currency and coins), demand deposits at commercial banks, and other monies held in easily accessible accounts. | ||
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* [[M3]] | * [[M3]] | ||
* [[Narrow money]] | * [[Narrow money]] | ||
Revision as of 19:14, 1 August 2013
Economics.
A measure of money supply in the economy that includes physical money (currency and coins), demand deposits at commercial banks, and other monies held in easily accessible accounts.
All the components making up broad money are still very liquid, and non-cash components can usually be converted quickly and easily into cash.
Commonly used measures of broad money are M2 and M3.
