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Economics (AS & A Level) · May / June 2026 · Paper 34 · Question 15

9708Money and banking

What is included in 'narrow money'?

  1. Anotes and coins in circulation ✓, current (checking) account deposits ✓, banks' liquid assets at the central bank ✓, savings account ✗
  2. Bnotes and coins in circulation ✓, current (checking) account deposits ✓, banks' liquid assets at the central bank ✗, savings account ✗
  3. Cnotes and coins in circulation ✓, current (checking) account deposits ✗, banks' liquid assets at the central bank ✗, savings account ✗
  4. Dnotes and coins in circulation ✗, current (checking) account deposits ✗, banks' liquid assets at the central bank ✓, savings account ✓

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Correct answer: A. notes and coins in circulation ✓, current (checking) account deposits ✓, banks' liquid assets at the central bank ✓, savings account ✗

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