M1
Currency plus transaction deposits.
M1 includes demand deposits, which are checking accounts, and a category of the money supply that includes all physical money such as coins and currency; it also includes demand deposits, which are checking accounts, and Negotiable Order of Withdrawal (NOW) Accounts, which are interest-earning bank account with which the customer is permitted to write drafts against money held on deposit.
M1 includes demand deposits, which are checking accounts, and a category of the money supply that includes all physical money such as coins and currency; it also includes demand deposits, which are checking accounts, and Negotiable Order of Withdrawal (NOW) Accounts, which are interest-earning bank account with which the customer is permitted to write drafts against money held on deposit.
