money supply at any given point in time refers to as

Assessment: WAEC SSCE - Economics - 1989 (Objective) Subject: Economics

Question 1 Report

money supply at any given point in time refers to as
Answer Details
Money supply at any given point in time refers to the total amount of money in circulation in an economy. It includes bank notes, coins, and demand deposits held by individuals, firms, and institutions. This money is available for spending and investment, and its level is a key indicator of the overall health of an economy. Money received as gifts or hoarded money is not included in the money supply as it is not in circulation in the economy.
Read lesson note on Money And Inflation (WAEC)
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