00:01
All right, so in this, we're talking about m1 versus m2.
00:05
The main thing to realize here is that m2 is very liquid.
00:12
So, things like, when we think about m1, we think very liquid things.
00:19
Cash, checkable slash demand deposits, travelers checks.
00:30
When we think m2, we think much less liquid.
00:33
So it's going to include m1, but it's also going to have savings, time deposits, certificates of deposits, as well as money market funds.
00:52
So if we look at this, which of these is going to fall into the m1 category, and what's going to fall into m2? so, we know that $4 million in circulation is going to fall into m1.
01:10
We also know that $6 million of checking deposits is going to fall into, um, m1.
01:22
And then in the m2, we know that the 200 million of savings, the small -denominated time deposits are a little weird...