The different components of money supply?
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Money supply consists of various components as follows: Currency, demand and time deposits in commercial banks, and other types of deposits are the total amount of money in an economy. Definition of supply of money varies depending on the components which are included and excluded.
Explanation:
In a Nutshell. Money supply is defined as the total quantity of money circulating in the economy at a particular time. It is used by many countries as an indicator of economic performance. There are three measures of money supply M1, M2, and M3.
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