Entry from British & World English dictionary
Definition of broad money in English:
noun[mass noun] Economics
Money in any form including bank or other deposits as well as notes and coins.
- This is clear by looking at the ratio (in percent) of broad money, which includes currency in circulation and bank deposits, to GDP.
- Indeed, broad money grew by more than $600 billion in 1998, fully 35% greater than in 1997.
- Year-to-date, broad money is up $462 billion, or 6.5% annualized.
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