Social Sciences and History / Unit 14 SSH 1328 short lesson, about 20 seconds
M1 and M2
Captions available
The idea
M1 includes currency and money in checking accounts, demand deposits. M2 includes all of M1 plus savings deposits, time deposits, and money market funds. The glossary already puts savings accounts in M1, as the Federal Reserve did in May twenty twenty.
In practice
Cash and checking; then savings, CDs, money funds.
Where people slip
The summary's split is taught; the redefinition recorded.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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