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Investments glossary

Narrow Money


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Quotes of the day:

A bad man, though raised to honour, always returns to his natural course, as a dog?s tail, though warmed by the fire and rubbed with oil, retains its form

— The Hitopadesa

Narrow money is a category of money supply that includes all physical money such as coins and currency,  demand deposits and other liquid assets held by the central bank. In the United States, narrow money is classified as M1 (M0 + demand accounts). In the United Kingdom, M0 is referenced as narrow money.


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