Meaning of Money an Quasi money growth?

Answer 1

The meaning of money refers to its function as a medium of exchange, a unit of account, and a store of value, facilitating transactions and economic activities. Quasi money includes financial assets that are not cash but can easily be converted into cash, such as savings accounts and time deposits. Growth in money and quasi money typically indicates an increase in the money supply, which can influence inflation, interest rates, and overall economic activity. Monitoring these growth trends helps policymakers manage economic stability and promote sustainable growth.