Cryptocurrency Q&A What is M1 and M2 money?

What is M1 and M2 money?

Lorenzo Lorenzo Wed Aug 21 2024 | 6 answers 1800
Can you elaborate on the concepts of M1 and M2 money? As an individual invested in cryptocurrency and finance, I'm interested in understanding how these classifications of money differ and their significance in the broader economic landscape. Could you please provide a concise yet comprehensive explanation of what they are, their components, and their significance in influencing monetary policy and economic growth? What is M1 and M2 money?

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