Money

From Reuters Financial Glossary

Money is a financial asset, a store of wealth and a recognized medium of exchange. Definitions of money and money supply vary from country to country but fall into two categories â?? broad and narrow. Narrow money is money that can be used in everyday transactions, including coins, notes, current accounts and travellers' cheques. Broad money is less easily accessible and includes savings accounts, time deposits and institutional funds in the money market.

See also: Money Supply