First, there are all sorts of different "moneys". There's official definitions of M0 to M3, but those are just categories. Manner of payment is achieved in diff

First, there are all sorts of different "moneys". There's official definitions of M0 to M3, but those are just categories. Manner of payment is achieved in different ways, and all these things have different societal, economic and judical relationships to each other. But speaking of the official classifications, money is not conserved or constant, can be destroyed or created and change its relationship to other categories. Ex: https://3.bp.blogspot.com/-Dd1sW5ny2F0/Tb1e6oteMuI/AAAAAAAABx8/TjjrYFWEvBY/s1600/M1M2Change.png https://3.bp.blogspot.com/-Dd1sW5ny2F0/Tb1e6oteMuI/AAAAAAAAB... Where M0 is cash, and M1 are funds directly available for payment and so forth.