Difference between revisions of "M1"

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(Created page with "M1 is a narrow definition of the money supply that includes currency, traveler's checks, and checking accounts in banks. ==Definition== According to Principles of Econ...")
 
 
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
:[[M1]]. A narrow definition of the money supply that includes currency, traveler's checks, and checking accounts in banks.
 
:[[M1]]. A narrow definition of the money supply that includes currency, traveler's checks, and checking accounts in banks.
 
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According to [[Macroeconomics by Mankiw (7th edition)]],
 +
:[[M1]]. Various measures of the stock of money, where larger numbers signify a broader definition of money.
  
 
[[Category: Economics]][[Category: Articles]]
 
[[Category: Economics]][[Category: Articles]]

Latest revision as of 17:25, 2 July 2020

M1 is a narrow definition of the money supply that includes currency, traveler's checks, and checking accounts in banks.


Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

M1. A narrow definition of the money supply that includes currency, traveler's checks, and checking accounts in banks.

According to Macroeconomics by Mankiw (7th edition),

M1. Various measures of the stock of money, where larger numbers signify a broader definition of money.