explain the measures of money supply
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Money supply is defined as the total quantity of money circulating in the economy at a particular time. ... There are three measures of money supply M1, M2, and M3. M1 includes all currency in circulation, traveler's checks, demand deposits at commercial banks held by the public, and other checkable deposits.
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The money supply is the total amount of money cash, coins, and balances in bank accounts — in circulation. ... For example, U.S. currency and balances held in checking accounts and savings accounts are included in many measures of the money supply.
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