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The financial sector

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Question 3

Which of the following is included in the UK definition of narrow money (the monetary base) but is excluded from the M4 M4\,M4 measure of broad money?

A

Sterling deposits held by the non-bank private sector

B

Short-term Treasury bills held by commercial banks

C

Reserve balances held by commercial banks at the central bank

D

Banknotes and coins in circulation with the general public

Markscheme

The financial sector Questions

  1. A Level
  2. /Economics
  3. /The financial sector

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.

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