Friedman : Money – Meaning and Definition

Arpit avatar
Arpit


{tocify} {$title=Table of Contents}




Money 

“Literally the number of dollars people are carrying around in their pockets, the number of dollars they have to their credit at banks in the form of demand deposits and commercial bank time deposits”. Thus he defines money as “the sum of currency plus all adjusted deposits in commercial banks”.

Related Articles

  1. Foreign Direct Investment in India Advantages and Disadvantages of FDI
  2. Understanding Different Types of Costs in Business
  3. Prof. Benam & Thomas, McConnell | Supply : Best Meaning, Definition, Types, Short term, Long run , market supply
  4. Law of Price: How Supply and Demand Determine Value
  5. What is Cost Output Analysis – Meaning, Types, Different Cost Curves
  6. National Income: Types of National Income, Importance, and Limitations (2024)

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *