BAR0803-13 MACRO
Identify and define the various measures of money used by the Federal Reserve.
- M1: Paper and coin currency held outside of banks and check-writing deposits.
- M2: Includes M1 items plus savings deposits, money market deposit accounts, certificates of deposit less than $100,000, individual-owned money market mutual funds, and certain other deposits.
- M3: Includes M2 items plus certificates of deposit equal to or greater than $100,000, institutional-owned money market mutual funds, and certain other deposits.
