Difference between revisions of "M1"
(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...") |
|||
| Line 5: | Line 5: | ||
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. | ||
| − | + | 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.
