1. Why is cash in banks and building societies not included in M4? 2. What are the...

Question:

1. Why is cash in banks and building societies not included in M4?

2. What are the benefits of including these additional items in the broad measure of money supply (M3 or M4)?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

Question Posted: