Economics · Money and Banking
What does the term 'money supply' refer to in macroeconomics?
- 1The total stock of money in circulation among the public in a country at a specific point in time✓
- 2The total amount of currency notes printed by the central bank in a financial year
- 3The total financial and physical wealth owned by the government of a country
- 4The total value of gold and foreign exchange reserves held by the central bank
Correct answer
The total stock of money in circulation among the public in a country at a specific point in time
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