4 ms·
Does M1 include accounts held by companies/businesses?
by Rury 4y ago
Does M1 include accounts held by companies/businesses?
- pdonis 4y agoAFAIK yes, it includes all demand deposits regardless of who the depositor is. As far as how that affects the calculation I made, from what I can find online, total cash on hand for US businesses is about $1T, so that would have to be subtracted from the difference between M1 and M0 to find average cash deposits per person for individual accounts.
- deleted 4y ago[deleted]