Question:
What is Narrow and Broad Money?
Author: eric_galvaoAnswer:
-Narrow Money refers to Notes and Coins in Circulation, as well as Balances held at a Central Bank. Essentially, mace up of Financial Instruments that are Very Liquid -Broad Money has Assets that are Less Liquid, and also Narrow Money
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eric_galvao![eric_galvao](https://lh5.googleusercontent.com/-VcvAufixQC8/AAAAAAAAAAI/AAAAAAAAAAA/AMZuuclTgbVcwbkN34cKx-XDycscqf7VNg/s96-c/photo.jpg)