2007-06-24 00:52:56 · 2 answers · asked by wail1978 1 in Business & Finance ➔ Other - Business & Finance
Just adding a little to what Spock posted (his answer was quite accurate, by the way, as I would expect from someone named Spock!)...
If "demand bank accounts" is another unfamiliar term to you, here's a simpler term, though not absolutely precise: Checking accounts. Basically, take all the cash in the money supply, and add the balances in all checking accounts, then you've got a pretty close approximation of M2. And as Spock mentioned, the definition can vary from country to country.
2007-06-24 01:25:27 · answer #1 · answered by Anonymous · 0⤊ 1⤋
GDP = Gross Domestic Product -- the value of all goods and services produced by the nation's entire economy in a year.
M2 = one measure of the nation's money supply [cash and demand bank accounts] --- please read exact definitions on the website of your nation's central bank.
does this help?
2007-06-24 01:07:10 · answer #2 · answered by Spock (rhp) 7 · 1⤊ 0⤋