Definition of broad money in English:

broad money

Line breaks: broad money

noun

[mass noun] Economics
Money in any form including bank or other deposits as well as notes and coins.
More example sentences
  • 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.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day anastrophe
Pronunciation: əˈnastrəfē
noun
the inversion of the usual order of words...