The narrowest definition of the money supply, including cash and checking deposits, is known as

Name: The narrowest definition of the money supply, including cash and checking deposits, is known as
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M₁ is the narrowest measure of the money supply and includes currency in circulation plus checking account deposits in banks. M₀ only includes currency in circulation, and M payments and real-value money are not commonly used measures.

The Narrowest Definition of the Money Supply, Including Cash and Checking