Question

⏺️⚫Heya Mates ⚫⏺️
Ques: Explain the concept of narrow money and broad money .
(Macro economics
Unit2: Money and Banking)​

Answer 1

Answer:

narrow money in forms that can be used as a medium of exchange, generally notes, coins, and certain balances held by banks.

In economics, broad money is a measure of the amount of money, or money supply, in a national economy including both highly liquid "narrow money" and less liquid forms. The European Central Bank, the OECD and the Bank of England all have their own different definitions of broad money.

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Answer 2

Answer:

narrow money in forms that can be used as a medium of exchange, generally notes, coins, and certain balances held by banks.

In economics, broad money is a measure of the amount of money, or money supply, in a national economy including both highly liquid "narrow money" and less liquid forms. The European Central Bank, the OECD and the Bank of England all have their own different definitions of broad money.