3. In recent years, institutional changes have blurred the distinction between demand (checking) and time (savings) deposits.

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3. In recent years, institutional changes have blurred the distinction between demand

(checking) and time (savings) deposits. As a result, future economists will no doubt place greater emphasis on broader definitions of the money supply that incorporate time deposits and savings deposits in nonbanking financial institutions.

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Macroeconomics Private And Public Choice

ISBN: 9780123110701

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 09:08 AM

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3. In recent years, institutional changes have blurred the distinction between demand (checking) and time (savings) deposits.

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Macroeconomics Private And Public Choice

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