Can you explain the meaning of M1, M2 & M3?
Quote from forextraderpro:
Can you explain the meaning of M1, M2 & M3?



They are measurements of the types of money in circulation. M1 represents all currency in circulation that isnât in Federal vaults or depository institutions. M2 represents M1 with the addition of all certificates of deposit less than $100K, most saving accounts and money market accounts. M3 Includes all of M2 and certificates of deposit more than $100K, deposits of Eurodollars and repurchase agreements.Quote from forextraderpro:
Can you explain the meaning of M1, M2 & M3?