Money Flashcards
0
Q
M2
A
M1 +
Savings, small time deposits
MMDAs, MMFs and certain other short-term money market assets
1
Q
M1
A
Include assets for transactions and medium of exchange.
Currency and coin held by nonbank public, demand deposits, other checkable deposits and traveler’s checks.
2
Q
M3
A
M2 +
Financial assets and instruments generally employed by big businesses and financial institutions
3
Q
M1 include items used as…
A
Medium of exchange
4
Q
M2 include items used as…
A
Store of value
5
Q
M3 include items that serve as…
A
A unit of account
