Broad Money Definition
Broad money is the definition of the Money Supply which includes a wider scope for the definition of money.
Broad money
Definition: Include not only assets used as a medium of exchange, but also those used as a temporary store of value - i.e. immediate and potential purchasing power.
Broad Money in UK (M4) - Cash in circulation plus retail and wholesale bank and building society deposits.
Broad Money
The widest of various measures used to gauge the growth of a nations' money supply.
The broad money measures (M3, M4 and others) add other types of money such as repos, bank acceptances, commercial paper and bonds. Some countries (but not the UK) include foreign currency deposits.
M3, also called broad money, includes M2, plus assets in large time deposits, eurodollars, and institution-only money market funds.
But the harbingers of the global overheating that began in 2006 came in the form of above-trend broad money growth and asset price inflation.
Broad Money
See 'money supply M4'....(Read more)
Broad Tape
Largely traditional term, applying to the expanded version of the ticker tape from news wires carrying price and background information on s...(Read more)
Broker ...
M3 (M4 in the UK) is known as broad money, and consists of cash, current account deposits in banks and other financial institutions, SAVINGS deposits and time-restricted deposits.
(Data source for Australian Broad Money Supply: Economagic.com)
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[26] Austrian economists state that this expansion of the broad money supply (demand deposits and notes) caused by fractional reserve banking is a cause of price inflation.
Broad money [r]: cash, current account deposits in banks and other financial institutions, savings deposits and time-restricted deposits (see also high-powered money). [e] ...
Under the narrow definition the money supply is that which is used in everyday transactions, such as notes and coins, money drawn from checking or current accounts and travellers' cheques. Broad money includes money that is less easily accessible ...
It is the sum of M1 and the net TIME DEPOSITS (together with the portion of savings deposits no included in M1) with banks. It is also called 'Broad Money'. M3 is a function of RESERVE MONEY. (See also CHAKRAVARTY COMMITTEE) ...
broad money One measure of the money supply that includes M1, plus savings and small time... broad-base index An index whose purpose is to reveal the performance of the entire market, such...
 See also: Banks, Saving, Bills, Central banks, Multiplier
  
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