Are Bank Reserves M1 Or M2?
Are Bank Reserves M1 Or M2? Are bank reserves M1 or M2? M1: Bank reserves are not included in M1. M2: Represents M1 and “close substitutes” for M1. M2 is a broader classification of money than M1. M2 is a key economic indicator used to forecast inflation. Are bank reserves considered M1? M1 consists of