maribelyanez9814 maribelyanez9814
  • 03-01-2020
  • Business
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The U.S. money supply is currently defined by the Federal Reserve system in ___________ aggregate forms..

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jepessoa
jepessoa jepessoa
  • 05-01-2020

Answer:

two

Explanation:

The Fed defines money supply in two major monetary aggregates: M1 and M2.

The Fed considers M1 to be money that is held and circulating outside of banks, and does not include currency in bank vaults (including the Fed banks). M1 includes only circulating money and checkable deposits.

M2 includes M1 plus savings deposits, retail money market accounts and small denomination time deposits.

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