M1 and M3 are different measures of money supply in economics. M1 includes physical currency, demand deposits, and traveler's checks, while M3 includes M1 plus time deposits, savings deposits, and money market funds. M1 is more liquid and represents money that can be easily spent, while M3 is broader and includes less liquid assets. M1 is often used to measure the amount of money in circulation, while M3 provides a more comprehensive view of the money supply. The Federal Reserve tracks both M1 and M3 to monitor the economy and make monetary policy decisions.

PwC Interview Questions: Diff btw m1 m3

Asked inPwC,Senior Tax Analyst

Diff btw m1 m3

AnswerBot

6mo

M1 and M3 are different measures of money supply in economics.

M1 includes physical currency, demand deposits, and traveler's checks, while M3 includes M1 plus time deposits, savings deposits, and mone...read more

Help your peers!

Add answer anonymously...

PwC

Discover recent interview experiences

View all

Interview Tips & Stories

Ace your next interview with expert advice and inspiring stories

Explore community