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Supply of money is best defined as the

Economics
WAEC 2024

Supply of money is best defined as the

  • A. money in circulation plus bank deposits.
  • B. money given out as loans to members of the public.
  • C. amount of currency printed annually by the government.
  • D. amount of money spent on consumer goods
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Correct Answer: Option A
Explanation

A: Supply of money is the total volume of currency in circulation and deposits in banks

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