Money that can be promptly and easily appraised falls under the M1 Money classification.
<h3>What are broad and narrow money, respectively?</h3>
Broad money typically refers to M2, M3, and/or M4. The most liquid kinds of money, such as currency (banknotes and coins), as well as bank account balances that may be instantly changed into currency or used for cashless transactions, are generally referred to as "narrow money" (overnight deposits, checking accounts).
<h3>Describe Narrow Money.</h3>
All of the actual money that the central bank has falls under the category of "narrow money," which is a subset of the money supply. Demand deposits, money, and other liquid assets are included. In the US, "narrow money" is referred to as M1 (M0 plus demand accounts).
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Answer:
//here is code in java.
import java.util.*;
class Solution
{
// main method of class
public static void main (String[] args) throws java.lang.Exception
{
try{
// declare an initialize first string variables
String st1="hello";
// declare an initialize first string variables
String st2="world";
// create another string variable
String st3;
// exchange the value of both string variables
st3=st1;
st1=st2;
st2=st3;
System.out.println("value of first String after exchange: "+st1);
System.out.println("value of second String after exchange: "+st2);
}catch(Exception ex){
return;}
}
}
Explanation:
declare and initialize two string variables.Create another string variable "st3". first assign value of "st1" to "st3" after then value of "st2" to "st1" and then assign value of "st3" to "st2". This will exchange the values of both the string.
Output:
value of first String after exchange: world
value of second String after exchange: hello