Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section: Chapter Questions
Problem 10AA
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Question
How does the money supply affect the cost and availability of credit?
Expert Solution
Concept
Money supply refers to the total volume of liquid assets, including physical and virtual currency, available in an economy at a point in time. The standard measure includes the money in circulation as well as demand deposits in the economy to determine the money supply. The money supply is determined and regulated by the central bank.
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