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Foundational Economic Statistics Module 3 Concepts and definitions of the System of National AccountsObjective: To elaborate the concepts and definitions those underpin the SNA and other economic
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Monetary and financial statistics refer to the quantitative data that provide insights into the monetary sector of an economy, including information on money supply, financial institutions, and financial markets.
Financial institutions, such as banks and credit unions, along with certain other entities involved in monetary transactions, are typically required to file monetary and financial statistics.
To fill out monetary and financial statistics, entities should gather accurate financial data as specified in the reporting guidelines, complete the designated forms with the required information, and submit them by the indicated deadline.
The purpose of monetary and financial statistics is to enable policymakers, researchers, and financial analysts to assess the economy's financial health, monitor monetary policy, and support economic research.
Entities must report information such as total assets and liabilities, monetary aggregates, and detailed breakdowns of loan and deposit data.
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