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Finance allah shmoop what are m one m two and

m three Weren't those models of beamers are none None

And all right well maybe they're not james bond security

clearance things or the name of the cia soccer team

How about that M five m six and maybe not

okay and one two and three are just different measures

or gradations for how we count the money supply in

the economy Think of these m numbers is analog is

teo def con one is like get ready for nuclear

war and def con five is like you know well

all is well on ly the m numbers here relate

to liquidity e how closely those m numbers approximate the

easily immediately available cash in the economy So em one

reflects the most liquid number and just includes paper currency

like you know dolla dolla bills and callings and things

like checking accounts in banks where you can walk in

and in an hour or less get a load of

cash we'll em one represents a relatively small slice of

the total m number in the economy or about one

and a half trillion box And yes that's a lot

Of nickels but it's relatively small in the kissing twenty

trillion dollars u s economy em two adds to the

m one totals What's called near money like the money

market securities savings deposits longer duration deposits like six month

cds up to one hundred grand and stuff like that

well em to totals almost eight trillion box these days

And kind of make sense People sock away more money

in cds and short term paper than they would dollar

bills in your wallet Right And it's A big delineation

Why Well it can be converted to money I'ii converted

to m one quickly So that's what those cds are

m three is the biggest slice of pie like mohr

savings bigger volumes and longer term duration Commitment to making

that two percent a year whatever you make these days

So m three includes stuff like time deposits more than

one your grand at euro dollar deposits over a hundred

grand Other things that can take more than a day

roughly to be converted into cash So m three is

somewhat less liquid than him One and two Got it

Well as long as all that makes sense to you 00:02:14.758 --> [endTime] Then well you know all is well