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Jan 27, 2019 · The money supply measures the total amount of money in the economy at a particular time. It includes actual notes and coins and also any deposits which can be quickly converted into cash. An example of broad money supply growth in the UK. Types of Money. Narrow Money = cash, notes and coins. This is what springs to mind when people think of money.
It uses the day as the base unit, and smaller units being fractions of a day: a metric hour (deci) is 1 ⁄ 10 of a day; a metric minute (milli) is 1 ⁄ 1000 of a day; etc. [16] Similarly, in decimal time, the length of a day is static to normal time. A day is also split into 10 hours, and 10 days comprise a décade – the equivalent of a ...
Study with Quizlet and memorize flashcards containing terms like To an economist, ________ is anything that is generally accepted in payment for goods and services or in the repayment of debt. A) wealth B) income C) money D) credit, Money is A) anything that is generally accepted in payment for goods and services or in the repayment of debt. B) a flow of earnings per unit of time. C) the total ...
Study with Quizlet and memorize flashcards containing terms like Which of the following is not considered a characteristic of money? It must have intrinsic value It is a unit of account It is a means of payment It can be used to make future payments, When $100 is deposited in the banking system, it leads to maximum expansion in bank deposits of $1,000. What is the required reserve ratio ...
The Jiffy is the amount of time light takes to travel one femtometre (about the diameter of a nucleon). The Planck time is the time that light takes to travel one Planck length. The TU (for time unit) is a unit of time defined as 1024 μs for use in engineering. The svedberg is a time unit used for sedimentation rates (usually
NameLengthNotes5.39 × 10−44 sThe amount of time light takes to travel ...10−30 sOne nonillionth of a second.10−27 sOne octillionth of a second.10−24 sOne septillionth of a second.Macro Test Unit 2. 21 terms. ... The ratio of the total amount of demand deposits at a bank to the amount kept as cash reserves. ... The ratio of money created by the ...
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Even broader measures of the money supply include large time-deposits, money market mutual funds held by institutions, and other assets that are somewhat less liquid than those in M2. Figure 24.1 “The Two Ms: October 2010” shows the composition of M1 and M2 in October 2010.
