I've seen a transaction description on my bank statement with the abbreviation '-LM'. I'm not sure what it stands for or what it means in the context of banking. Can someone explain what '-LM' signifies in a banking transaction?
7 answers
Raffaele
Sat Nov 02 2024
The acronym LM denotes the Liquidity-Money Curve.
TaegeukWarrior
Sat Nov 02 2024
This curve illustrates a crucial economic relationship.
SumoPowerful
Fri Nov 01 2024
Specifically, it depicts how interest rates intertwine with money demand.
Carlo
Fri Nov 01 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services.
SsangyongSpiritedStrength
Fri Nov 01 2024
In simpler terms, it shows the dynamics between borrowing costs and the desire for cash.