Werzit

Intel - History
Money Supply

"In God we trust.
All others we monitor."

• What can be immediately used to buy things, for instance, through coins, dollar bills, and money in a checking or debit account.
• To calculate M-1, it is the sum total of all currency and checking account deposits in the country.

• Most money in the M-1 category is in checking account deposits, roughly 3/4, and the rest is in cash.

• This category is all small savings accounts and "time" deposits at banks, credit unions, or S&Ls, plus investments in money market mutual funds, PLUS M-1 added into the total.

• M-3 includes large-denomination financial instruments, including the $100,000 certificates of deposit, treasury bills, commercial paper, PLUS M-1 and M-2 added into the total.

• L is the total count of all liquidity, all financial assets that can be sold and converted into spending money: treasury bills, commercial paper, US savings bonds, etc, PLUS M-1, M-2, and M-3 added into the total.