The supply of money in the economy includes

Assessment: WAEC SSCE - Economics - 2008 (Objective) Subject: Economics

Question 1 Report

The supply of money in the economy includes
Answer Details
The supply of money in the economy includes bank notes, coins and bank deposits. Bank notes and coins are physical currency while bank deposits are virtual money held in bank accounts. The money supply is important in determining the level of economic activity in a country and is controlled by central banks through monetary policy tools.

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