Term
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| Description |
Money comprises transferable demand deposits of monetary authorities and deposit money banks (“M1”), other than those of the central government, and currency outside banks plus, where applicable, private sector demand deposits with the postal checking system and with the Treasury. Quasi-money comprises time, savings, and foreign currency deposits of resident sectors other than central government. Money plus quasi-money is frequently called “M2” (5, Introduction, sect. 4). See also reserve money. |
| Source |
International Monetary Fund, International Financial Statistics Yearbook (annual) (Washington, D.C.). |
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