Business Studies, asked by isaacriva444, 9 months ago

what is the difference between narrow money and broad money? ​

Answers

Answered by soulQueen
1

Explanation:

Broad Money Definition. ... These are considered 'near money' because it can easily be changed to cash.

Narrow money is seen as the basic amount of notes and coins and operational deposits at Bank of England. Broad money includes notes and coins but also saving accounts and deposits in a savings account.

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