What is Narrow Money?
Narrow money is a colloquial term for the total of a country's physical currency plus demand deposits and other liquid assets held by the central bank. The economic term for narrow money is M1.
How Does Narrow Money Work?
Narrow money is the most accessible money in an economy, which is why it is restricted to paper currency, coins and demand deposits (money in checking accounts, savings accounts and other highly liquid accounts).
Why Does Narrow Money Matter?
Narrow money is the most liquid form of money.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
