One of the mysteries of the English language finally explained.
Money in forms that can be used as a medium of exchange, generally banknotes, coins, and certain balances held by banks.
- ‘Demand and other checkable deposits have actually declined about $20 billion, as narrow money / M1 has suffered a minor contraction over the past twelve months.’
- ‘Curiously, narrow money is up $31.5 billion over three weeks to a new all-time high.’
- ‘They included exports measured by value, manufacturing orders, average monthly working hours in the manufacturing sector, narrow money supply and stock prices.’
- ‘Importantly, there are critical structural developments that go unrecognized by traditional analysts that focus only on narrow money - M1 and M2.’
- ‘The monetarists are hopelessly hamstrung by their fixation on narrow money.’
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