The money supply can be broken down into categories, including:
- M1 = Circulating currency that's immediately available to purchase goods and services: cash, checking accounts, travelers checks ...
- M2 = M1 plus deposits or balances -- such as savings accounts or money markets -- that can quickly be converted into the M1 category.
- M3 = M2 plus money that can't be accessed immediately, such as that held by institutions.
Related Fool Articles
Related Community Blogs
Recent Mentions on Fool.com
- Apple, Inc. Expects to Make the Most Money Ever This Quarter
- Apple, Inc. (AAPL) and GT Advanced (GTAT) Officially Call It Quits
- 3 Reasons Thermo Fisher Scientific Inc.'s Stock Could Rise
- Wall Street Still Doesn't "Get" Chipotle Mexican Grill!
- 5 Things Netflix, Inc.'s Management Wants You to Know
- 5 Things SanDisk's Management Wants You to Know