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. iPhone 6 Teardown Reveals Big Wins for Qualcomm Inc.
- Why Apple is Poised to Break Even More Records with the iPhone 6 and 6 Plus
- Exclusive: What's New With OpenStack and Red Hat Enterprise Linux?
- 6 Ways You Can Profit From Booming Investment in Africa
- Defense News Roundup: More Nukes for U.S. and Allies, and Are Hueys Heading to Lebanon?
- Why Microsoft Corporation Will Soon Owe Apple a Huge Thank You