Traductions en contexte de "broad money" en anglais-français avec Reverso Context : For the time being, there is little evidence that the financial market turbulence seen since early August 2007 has strongly influenced the overall dynamics of broad money and credit aggregates. How to use broad-based in a sentence. [1], The European Central Bank considers all monetary aggregates from M2 upwards to be part of broad money. [7], Measure of the money supply in a national economy, "Data on the broad monetary aggregate M2 in the US has been subject to several re-definitions" in Calza, Alessandro & João Sousa (2003) ". All these name suggests that reserve money represents the base level for money supply or it is the high powered component of money supply. Information and translations of broad money in the most comprehensive dictionary definitions resource on the web. In most countries, the majority of money is mostly created as M1/M2 by commercial banks making loans. Money multiplier shows the mechanism by which reserve money creates money supply in the economy. Narrow Money and Broad Money. The narrow money definition of the money supply is a measure of the value coins and notes in circulation and other money equivalents that are easily convertible into cash such as short term deposits in the banking system. the Broad-Based Black Economic Empowerment Act, 2003 (as amended); the generic Codes of Good Practice on Broad-Based Black Economic Empowerment (BEE Codes). Broad Money. b. discount rate. C. M3 d. M4. ‘broad-based knowledge’ ‘an introductory broad-based course’ ‘I don't expect Dungeons & Dragons to have much broad-based appeal.’ ‘Such a broad-based, genuinely diverse movement might actually have an impact.’ Broad-Based Index An index that consists of many stocks or stocks in many different industries. Although the word fintech is not as well known, even among those in the technology and finance industries, it affects nearly all of us on a daily basis. The term, which usually refers to M3, includes more than simply banknotes and coins. Show transcribed image text. Learn more. Unit of Account – money is a unit or account, it is a common measure of value. There is no universal agreement as to what constitutes broad money. Broad money is a measure of a country’s money supply. Broad Money To Reserve Money: It is a measure of money multiplier. The definition is very broad and based on statement of financial position movements – i.e. In other words, it means more than ‘narrow money.’ It is the most inclusive definition of the money supply. The term, which usually refers to M3, includes more than simply banknotes and coins. constant ratio of broad money to base money, these reserves are then ‘multiplied up’ to a much greater change in bank . (See the table below. You are welcome to ask any questions on Economics. C. M3 D. M4. | Meaning, pronunciation, translations and examples Broad money (M3) includes currency, deposits with an agreed maturity of up to two years, deposits redeemable at notice of up to three months and repurchase agreements, money market fund shares/units and debt securities up to two years. Money is a liquid asset used in the settlement of transactions. The term also includes bank money and any cash held in easily accessible accounts. For example, with USD, the Base Money component consists only of the USD that shows on the balance sheet of the Federal Reserve System where it is carried as a liability. d. reserve rate. c. M3. This relationship holds through time, as well as across countries and monetary policy regimes: it is “hardwired” into the deep structure of the economy. A broad market index fund is a mutual fund that constructs its portfolio to track a large underlying index. The Broad Definition Of Money Supply Is A. M1 B. M2. Differences across countries and over time largely reflect the structure of the financial system. While M1/M0 are used to describe narrow money, M2/M3/M4 qualify as broad money and M4 represents the largest concept of the money supply. Broad-based indices are not terribly useful in gauging the performance of individual industries, but help give an indication on movements in the broader economy. The fintech definition is a combination of the words “finance” and “technology” and is used when describing tech-based financial services. Money you have in a bank account would be an example of Broad Money. : . Definition of Broad money (M3) Broad money (M3) includes currency, deposits with an agreed maturity of up to two years, deposits redeemable at notice of up to three months and repurchase agreements, money market fund shares/units and debt securities up to two years. Broad money to total reserves ratio. Broad Money. In economics, broad money is a measure of the amount of money, or money supply, in a national economy including both highly liquid "narrow money" and less liquid forms. currency (banknotes and coins) as well as bank-account balances that can immediately be converted into currency or used for cashless payments (overnight deposits, checking accounts, etc). Examples. b. M2. Broad money (current LCU) Net foreign assets (current LCU) Monetary Sector credit to private sector (% GDP) Claims on other sectors of the domestic economy (annual growth as % of broad money) Net domestic credit (current LCU) Claims on central government (annual growth as % of broad money) Download. Narrow Money. The European Central Bank, the OECD and the Bank of England all have their own different definitions of broad money. For the theory to hold, the amount of reserves must be a binding constraint on lending, and the central bank must directly determine the amount of reserves. Let's say you have $1,000 in a checking account. Unlike book money like bank account balances and quasi money like vouchers and coupons, base money is legal tender for the settlement of debt to the government. Broad money is the definition of the Money Supply which includes a wide scope for the definition of money – including both notes and coins, but also more illiquid forms of money – such as bank deposits, treasury bills, gilts. 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