Thursday, 3 April 2014

MONEY


Money is a record that is usually accepted as payment for goods and services as well as for payment of debt.

  • CU= Currency Notes + Coins held by the public.
  • DD= Net Demand Deposits held by commercial banks.
  • M1 Money= CU + DD.
  • M2 Money= M1 + Savings deposits of Commercial Banks.
  • M3 Money= M3+Total deposits with post office savings excluding National Savings Certificate.
  • M4 Money= M3+ Total Deposits with post office savings excluding National Savings Certificate.
  • M1, M2- Narrow Money.
  • M3, M4- Broad money.

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