M0: The total of all physical currency including coinage. M0 = Federal Reserve Notes + US Notes + Coins. It is not relevant whether the currency is held inside or outside of the private banking system as reserves.
M1: The total amount of M0 (cash/coin) outside of the private banking system[clarification needed] plus the amount of demand deposits, travelers checks and other checkable deposits
M1 consists of money commonly used for payment, basically currency in circulation and checking account balances;
no subject
M0: The total of all physical currency including coinage. M0 = Federal Reserve Notes + US Notes + Coins. It is not relevant whether the currency is held inside or outside of the private banking system as reserves.
M1: The total amount of M0 (cash/coin) outside of the private banking system[clarification needed] plus the amount of demand deposits, travelers checks and other checkable deposits
M1 consists of money commonly used for payment, basically currency in circulation and checking account balances;