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Still, the exact definitions of monetary measures depend on the country. The terms will usually be more exactly defined before a discussion, whenever it is not sufficient to assume a wider definition. For the
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not considered long term, i.e. with an agreed maturity of up to 2 years; bank deposits redeemable at notice of up to 3 months, and similar
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are excluded from all monetary aggregates by most countries, or they are included only in broad money, with some exceptions.
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However defined in a specific country, the importance of monitoring the development of broad money has been recognized.
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considers all monetary aggregates from M2 upwards to be part of broad money. Typically, "broad money" refers to
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maturing within a period of up to 2 years. The typical OECD notation for "broad money" is
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all have their own different definitions of broad money.
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Measurement of
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