Which of the following is included in the definition of narrow money (the monetary base) but is excluded from the definition of the broad money supply (M4M4M4) in the UK?
Sterling sight deposits held by the non-bank private sector
Banknotes and coins in circulation with the general public
Operational reserves held by commercial banks at the central bank
Government bonds held by households and non-bank financial institutions
18 exam-style questions on OCR A Level Economics The financial sector. Each one has a worked solution and a mark scheme showing where the marks go.