Broad money

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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.


See also