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Define money supply and explain its components
State the meaning and components of money supply

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The money supply is the total value of money available in an economy at a point of time. Components of money supply are: Currency with the Public, Demand Deposits with the Public, Money Supply M1 or Narrow Money, Money Supply M2, Money Supply M3 or Broad Money, Money Supply M4, High-Powered Money (H), Money Multiplier

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