Open market operations: related pages
Divisia money supply index
A weighted index measure of money supply.
M0 (monetary base)
Bank notes and coins in circulation plus banks deposits with the central bank.
M1
A measure of money supply: bank notes and coins plus sight deposits.
M2
A narrow measure of money supply that includes retail bank deposits. In the UK equivalent to the retail element of M4.
M3
A broad measure of money supply.
M4
The UK's main broad measure of money supply.
Reserve requirement
A proportion of deposits that banks are not allowed to lend.
Seigniorage
The profit a government makes from creating money as physical currency or balances with the central bank.
Copyright Graeme Pietersz © 2005-2019
