can you explain the difference between M0 and M1?’
(also is there any way to open the chat)
Mo is something for your reference. Some people call it the monetary base while some people call it the money in circulation.
M1 is very important to know and tested. It includes cash and check-able/demand deposit accounts. Remember cash & checking accounts.
Sorry the chat is off for now.
but what is inside M0
There are different definitions. Some define it as only the banknotes and actual coins in circulation that’s it.
