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Finance Dictionary and Glossary of Investment Terms
Narrow Money
Definition 1.
Another term for M1, the category of the money supply that includes all physical money like coins and currency. It also includes demand deposits, which include checking accounts and NOW accounts.
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Definition 2.
One measure of the money supply that includes all coins, currency held by the public, traveler's checks, checking account balances, NOW accounts, automatic transfer service accounts, and balances in credit unions. also called M1.
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