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Economics glossary · Policy and the financial sector

Time deposits

What time deposits means in economics, as one of what the two measures count, with an example and a question to test yourself.

Definition
Time deposits
Time deposits are savings left for an agreed period, or behind a notice period, in return for higher interest, and they count in broad money.
Example

Can you think of an example of time deposits?

Test yourself

Can you name the four kinds of asset that make up narrow and broad money?

Learn it properly: the module

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