Definition: Broad money
IMF terminology
A measure of the money supply in an economy, with broad coverage. Broad money usually includes national currency and deposits held by residents in depository institutions; these deposits may be either transferable, such as demand deposits, or nontransferable, such as term deposits; deposits denominated in foreign currency and held by residents may also be included in broad money.
Source:
International Monetary Fund (IMF), "Online glossary of selected financial terms" (as per March 15th, 2008), International Monetary Fund, Washington D.C., 2008
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