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The supply in the US is usually considered as four escalating categories M0, M1, M2 and M3. The categories grow in size with M3 representing all forms of money (including credit) and M0 being just base money (coins, bills, and central bank deposits). M0 is also money that can satisfy private banks' reserve requirements. In the US, the Federal Reserve is responsible for controlling the money supply, while in the Euro area the respective institution is the European Central Bank. Other central banks with significant impact on global finances are the Bank of Japan, People's Bank of China and the Bank of England.
Source: Wikipedia > Money
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Web Links
- Money bill - Wikipedia, the free encyclopedia, Modified October 7, 2008, 12:00 am
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- Personal Finance, Investing, Market News and Information on MSN Money, Modified November 28, 2008, 12:00 am
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- Money Market: Treasury Bills (T-Bills), Modified November 26, 2008, 12:00 am
- *NOVELTY MONEY, Modified November 28, 2008, 12:00 am
- Sounddogs.com : Foley, Money,Bills, Modified November 24, 2008, 12:00 am
News Links
- An Elaborate FBI Sting Snares Politicians In Mass., Published December 2, 2008, 7:24 am
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- Fans won't foot Rogers' Bills, Published December 2, 2008, 7:20 am