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what is M2?

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Rooster Cogburn , Rooster Cogburn, answered

M2 is a broader money classification than M1, because it includes assets that are highly liquid but not cash. A consumer or business typically won't use savings deposits and other non-M1 components of M2when making purchases or paying bills, but it could convert them to cash in relatively short order.

M2 Definition | Investopedia


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