Australia Stock of quasi money

Factbook > Countries > Australia > Economy

Stock of quasi money: $617 billion (31 December 2008)
$667.2 billion (31 December 2007)

Definition: This entry comprises the total quantity of time and savings deposits denominated in the national currency, held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy. When added together with "M1" the total money supply is known as "M2." The national currency units have been converted to US dollars at the closing exchange rate on the date of the information.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of February 21, 2013

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