Narrow and Broad MoneyMoney supply, like money demand, is a stock variable. The total stock of money in circulation among the public at a particular point of time is called money supply. RBI publishes figures for four alternative measures of money supply, viz. M1, M2, M3 and M4. They are defined as follows:M1 = CC […]
Money has been defined differently by different economists. But the most acceptable definition of money can be stated in terms of all the functions of money.Money is anything which is generally accepted as a means of exchange, a measure and store of value and which also acts as standard of deferred payments. Everybody needs money for
Money and its Functions Read More »
