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by nostrademons
1934 days ago
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M1 became a meaningless category on April 24. The change to Regulation D meant that banks can now offer unlimited checks with savings & money-market accounts, which means that they're effectively indistinguishable from checking accounts, which means that they're now reported as part of M1. With that change, there's no difference between M1 and M2, so why report M1? |
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