Electronic funds transfer at point of sale and M2: Difference between pages

Revision as of 20:21, 19 January 2014

Economics.

A broader measure of money supply which includes M1 plus short-term time deposits in banks and 24-hour money market funds.

M2 is the measure most widely used by economists to quantify the amount of money in circulation and explain different economic monetary conditions.

It is a key economic indicator used to forecast inflation rates.

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-(EFTPOS).
+''Economics.''
-An electronic system whereby funds are moved automatically from a buyer's account to a seller's account, at the time of the purchase transaction.
+A broader measure of [[money supply]] which includes M1 plus short-term time deposits in banks and 24-hour money market funds.
+M2 is the measure most widely used by economists to quantify the amount of money in circulation and explain different economic monetary conditions.
+It is a key economic indicator used to forecast inflation rates.
 == See also ==
-* [[Electronic funds transfer]]
+* [[Broad money]]
-* [[Point of sale]]
+* [[M1]]
+* [[M3]]