noun[mass noun] Economics
Money in forms that can be used as a medium of exchange, generally notes, coins, and certain balances held by banks.
- The monetarists are hopelessly hamstrung by their fixation on narrow money.
- Demand and other checkable deposits have actually declined about $20 billion, as narrow money / M1 has suffered a minor contraction over the past twelve months.
- Importantly, there are critical structural developments that go unrecognized by traditional analysts that focus only on narrow money - M1 and M2.
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