As credit is now the main measure of monetary movements used by the Reserve Bank of Australia, credit is now defined as 'money'.

Name: As credit is now the main measure of monetary movements used by the Reserve Bank of Australia, credit is now defined as 'money'.
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Credit is a tool for borrowing and lending, not defined as 'money' itself. The Reserve Bank of Australia distinguishes between money (currency in circulation and deposits) and credit (loans and advances).

As Credit Is Now the Main Measure of Monetary Movements