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Economic Questions

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costargh:
yeh because those worksheets she gives us are from another text book. It obviously can't be too important if it's not even mentioned in our text book. It might just be explained in ours but not use the term M3

cobby:

--- Quote from: costargh on September 28, 2008, 02:46:10 pm ---yeh because those worksheets she gives us are from another text book. It obviously can't be too important if it's not even mentioned in our text book. It might just be explained in ours but not use the term M3

--- End quote ---

hmmm fe fe..ty anyway

AppleXY:
Yeah, it's the "indepth" study of Monetary Policy.

As marbs said, M3 is basically cash flowing through ordinary consumers' pockets. (+ bank deposits, as it their assets and not the bank (its a liability for them).

brendan:

--- Quote from: tripzedomain on September 28, 2008, 12:30:32 pm ---(WHAT IS M3???)

--- End quote ---
http://www.rba.gov.au/Glossary/text_only.asp
'M1' defined as currency plus bank current deposits of the private non-bank sector; 'M3' defined as M1 plus all other bank deposits of the private non-bank sector; 'Broad money' defined as M3 plus borrowings from the private sector by NBFIs, less the latter's holdings of currency and bank deposits; 'Money base' defined as holdings of notes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector.

 M3 = Currency plus bank deposits of the private non-bank sector, excluding Commonwealth and State Government deposits and interbank deposits.

cobby:
ahh kk..kool thanks guyss

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