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schumacher07
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Joined: 15 May 2011
Location: United States
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Posts: 18

Posted: 12 Apr 2012 at 19:37 \| IP Logged

Hello everyone,

I am using Becker for my preperation of BEC. Could someone explain to me money and money supply which includes M1, M2, and M3.

Thank you in advance.

myzoocrew
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Joined: 16 Oct 2011
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Posts: 17

Posted: 17 Apr 2012 at 14:04 \| IP Logged

M1: this is the narrowest definition of money there is and is defined as currency in circulation (coins and paper), checkable deposits maintained in depository institutions, and traveler's checks.

M2 equals M1 plus savings deposits and time deposits less than $100,000 held in depository institutions plus money market mutual fund shares.

I am not sure about M3.. maybe I am not that far.

Brittany

maryk
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Joined: 21 Nov 2011
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Posts: 56

Posted: 18 Apr 2012 at 18:43 \| IP Logged

M3 is M2 plus Large Time Deposits (over $100,000)

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