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If a child can talk about the past, the present, and the future, they have mastered the rules of:
Large Denomination Time Deposits
Savings accounts or certificates of deposit in large amounts, usually over $100,000, that earn interest over a fixed period of time.
M2
An assessment of the total amount of money in circulation, encompassing physical currency, deposits in checking accounts, and liquid assets like savings accounts and money market instruments.
M3
A gauge of monetary supply encompassing M2 as well as sizable time deposits, institutional money market funds, and additional significant liquid assets.
Double Coincidence
A situation in barter economies where two parties each possess an item the other wants, allowing for an exchange without the need for a common unit of value.
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