M1 Money Supply
This is the measure of money supply is the narrowest (so called “Narrow money”) and is a measure of the amount of money in circulation and money held in current (checking) accounts. Along with the M1 (and formerly M3) indicator this forms an important indicator in economics and is used to forecast inflation.
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1. M3, M2, M1 Money Supply-
[...] M1, M2, M3 are all measures of money supply, that is the amount of money in circulation at a given time. Manipulating money supply is used in an attempt to control inflation, the idea being the more money in circulation leads to more money chasing fewer goods and hence prices increase to compensate and vice versa. [...]
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