Explain the Differences Between the Two Money Measures, M1 and M2

question 135

Essay

Explain the differences between the two money measures, M1 and M2. Why are checks, debit cards, and credit cards not considered to be money?

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Definitions:

Affirmative Singular Proposition

A statement that positively asserts the existence or some characteristic of a single specific subject.

Distributed

A term in logic referring to when all instances of a subject are accounted for in a statement.

I Proposition

In traditional logic, an affirmative proposition making a claim that some subject is part of the extension of some predicate, as in "Some S are P."

Distributed

In logic, refers to a term that applies to all members of the category it describes.