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Home > QFINANCE Dictionary > Definition of narrow money

Definition of

narrow money

  • 1.

    cash plus bank accounts an estimate of the amount of money held by the public in coins, banknotes, and checking accounts.

    Related definitions of "narrow money"

    • Also called M1
  • 2.

    money available to public for spending an estimate of the amount of money in public circulation, available for use as a means of exchange.

    Related definitions of "narrow money"

    • Also called M0

Definitions of ’narrow money’ and meaning of ’narrow money’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’narrow money’ and other financial terms with our online QFINANCE Financial Dictionary.

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