what do you mean by m<1
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a measure of a country's money supply, comprising currency in circulation and funds readily convertible into cash, chiefly checking-account deposits: other measures (M-2, M-3, etc.) include additional components of money supply, such as time deposits and money market funds. Origin of M-1.
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a measure of a country's money supply, comprising currency in circulation and funds readily convertible into cash, chiefly checking-account deposits: other measures (M-2, M-3, etc.) include additional components of money supply, such as time deposits and money market funds. Origin of M-1.
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