Other deposits in Table 9 .2 include fixed term deposits of the public in banking institutions, long-term linked deposits, negotiable certificates of deposits and other deposits and creditors. Deposits of the public in foreign currency are demand deposits and fixed term accounts of Israeli and foreign residents, deposited in banking institutions in Israel. The velocity relates to the financial and real transactions in the given period and is measured according to total debits on current accounts and on accounts relative to the stock of given money. Increased velocity means that the money changes more hands i.e., that it represents more transactions. Debits to current accounts are a sum of all debits to current accounts and overdraft accounts during the year.
Current accounts are current deposits in banking institutions excluding payable drafts.
Current deposits in mortgage and investment banks are also excluded. The annual average of current accounts is an arithmetical average of 12 monthly averages of current accounts on a daily basis. A monthly average of current accounts is obtained directly from commercial banks, and is based on daily averages of the reported calendar. Credit - including discount of bills, financing through renting assets, credit from deposits for loans, debits balances in current accounts and customer liabilities on the receipts account . Credit to the Public a.