In the U.S. what are the components of M1 and M2? What is the difference between the two?

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The Answer is The sum of currency plus demand deposits is referred to as the money supply. In the U.S., the total quantity of currency plus demand deposits is called M1. Internationally, this definition of the money supply is known as narrow money. For the most part, near-monies do not function as a medium of exchange but they can be readily converted into currency or demand deposits. For the U.S., M1 plus money market mutual funds and time deposits constitutes M2. In an international context, the term for M2 is called broad money.

In the US What Are the Components of M1 and M2? What