![Distinguish between liquid money from money in circulation Distinguish between liquid money from money in circulation](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Distinguish between liquid money from money in circulation
Liquid money is money in cash form possessed by the public while money in circulation refers to liquid cash/ money in cash form in the hands of the public and financial institutions , plus instruments that can perform the function of money but are not money themselves e.g. bank drafts, cheque.
CATEGORIES Economics
TAGS Dr. Bbosa Science