Question

different between.broad money and narrow money​

Answer 1

Answer:

The formula for calculating money supply varies from country to country, but broad money is always the farthest-reaching, encompassing both highly liquid assets, cash, and checkable deposits, known as "narrow money," together with slightly more illiquid forms of capital.

Answer 2

Answer:

Typically, "broad money" refers to M2, M3, and/or M4. The term "narrow money" typically covers the most liquid forms of money, i.e. currency (banknotes and coins) as well as bank-account balances that can immediately be converted into currency or used for cashless payments (overnight deposits, checking accounts, etc).

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