The total stock of money available for use in an economy is

Assessment: JAMB UTME - Economics - 2015 Subject: Economics

Question 1 Report

The total stock of money available for use in an economy is
Answer Details
The total stock of money available for use in an economy is called the "supply of money". The supply of money refers to the total amount of money that is in circulation within an economy. This includes all forms of money, such as cash, bank deposits, and other types of financial assets. The supply of money is an important factor in the overall health of the economy, as it can affect things like inflation and economic growth. The supply of money can be influenced by various factors, such as the actions of the central bank, changes in interest rates, and government policies. For example, if the central bank decides to increase the money supply by purchasing government bonds, this can increase the amount of money available in the economy and potentially stimulate economic growth. In summary, the supply of money is the total amount of money available in an economy, and it can be influenced by various factors that affect the overall health of the economy.

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