recovering economist
“When you introduce an old friend to a new friend and they don’t judge each other, or hate each other, but actually like each other – that is one of the greatest pleasures in the world.”
This quote is from, Lake Effect, By: Rich Cohen.
[This is part of the series: The Complete Guide To Economics 101.]
What is M2?
M2 is a specific portion of the money supply that includes the money supply denoted in M1, as well as other highly liquid assets outside of cash.
These additional M2 assets include money market deposits, money market mutual funds, Eurodollars, and certain time deposits.