Narrow Money

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Narrow Money is classified as a form of money supply that comprises all physical currency (such as coins and currency), demand deposits and other liquid assets that are held by a country's central bank. Narrow money is referred as M1 (M0 + demand accounts) in the United States and as M0 In the United Kingdom and Australia. Narrow currency is the most accessible money in an economy, and is therefore limited to paper currency, coins and demand deposits.
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