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      • The money supply is measured by adding M1 and M2. These are two categories of money that matter for the AP exam, although a new category of M3 has been recently emerging. M1 = cash + coins + checking deposits + traveler's checks M2 = M1 + savings deposits + small time deposits + money market deposits + money market mutual funds
  1. M3: This definition includes M2 plus large ($100,000 or more) time deposits. M3 is even_____than M2 because the money must stay in the bank_____. An example of M3 would be a 5-year certificate of deposit or a savings bond (which are usually held for 7 years before maturity).

  2. Money Supply (M1, M2, M3) In economics, the money supply (or money stock) is the total amount of monetary assets available in an economy at a specific time. Federal Reserve

  3. Terms in this set (7) Study with Quizlet and memorize flashcards containing terms like Currency in Circulation, Checkable deposits, Travelers Checks and more.

  4. Y = Real output, the quantity of goods and services in GDP; real GDP in dollars of the base year. Number of times a single dollar is spent during a year. Study with Quizlet and memorize flashcards containing terms like M1, M2, M3, M1, M2 and more.

  5. Study with Quizlet and memorize flashcards containing terms like Federal Reserve Bank, Monetary Policy, what happens when interest rates increase? and more.

  6. Study with Quizlet and memorize flashcards containing terms like Functions of Money, Characteristics of Money, Fiat Money and more.

  7. Econ unit 4. Study with Quizlet and memorize flashcards containing terms like What are the three functions of money?, Medium of exchange, Unit of account and more.

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