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Investments glossary

Narrow Money


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Quotes of the day:

Doctors pour drugs of which they know little, to cure diseases of which they know less, into patients of whom they know nothing.

— Moliere

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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