• M0：流通中現(xiàn)金，即在銀行體系以外流通的現(xiàn)金
• M1：狹義貨幣供應(yīng)量，即M0＋企事業(yè)單位活期存款
• M2：廣義貨幣供應(yīng)量，即M1＋企事業(yè)單位定期存款＋居民儲(chǔ)蓄存款

在這三個(gè)層次中，

• M0與消費(fèi)變動(dòng)密切相關(guān)，是最活躍的貨幣；
• M1反映居民和企業(yè)資金松緊變化，是經(jīng)濟(jì)周期波動(dòng)的先行指標(biāo)，流動(dòng)性僅次于M0
• M2流動(dòng)性偏弱，但反映的是社會(huì)總需求的變化和未來通貨膨脹的壓力狀況，通常所說的貨幣供應(yīng)量，主要指M2

What's the difference between M0, M1, and M2?

In the United States, the money supply is categorized by various monetary aggregates including M0, M1, and M2.
These are used by the Federal Reserve to measure how open market operations impact the economy.

• The monetary base, or M0, is equal to coin currency, physical paper, and central bank reserves.
• M1, typically the most commonly used aggregate, covers M0 in addition to demand deposits and travellers cheques.
• M2, which may be used as an indicator for inflation when compared to GDP, covers M1 in addition to savings deposits and money market shares.

Narrow Money and Broad Money
M1 Examples: Notes and coins
M2 Examples: Notes, coins, traveler’s checks, and demand deposits
M3 Examples: Notes, coins, traveler’s checks, demand deposits, savings deposits, and money market deposits

金融學(xué)中的M1,M2,M3,M4都是貨幣層次的劃分

• M0= 流通中的現(xiàn)金；
• M1=M0+ 個(gè)人信用卡循環(huán)信用額度+ 銀行借記卡活期存款+ 銀行承兌匯票余額+ 企業(yè)可開列支票活期存款；
• M2=M1+ 個(gè)人非銀行卡下的活期存款+ 機(jī)關(guān)團(tuán)體存款+ 農(nóng)村存款；
• M3=M2+ 企業(yè)定期存款+ 居民人民幣定期儲(chǔ)蓄存款+ 其他存款( 信托存款、委托存款、保證金存款、財(cái)政預(yù)算外存款)+ 外幣( 折合人民幣) 存款；
• M4=M3+ 貨幣市場(chǎng)基金份額十非銀行金融機(jī)構(gòu)回購(gòu)協(xié)議+ 非銀行企業(yè)持有的短期政府與金融債券+ 住房公積金存款。

from 金融知識(shí)小課堂

流通貨幣M0=流通中的現(xiàn)金；

狹義貨幣（M1）=M0+活期存款（企業(yè)活期存款+機(jī)關(guān)團(tuán)體部隊(duì)存款+農(nóng)村存款+個(gè)人持有的信用卡類存款）；

廣義貨幣（M2）=M1+城鄉(xiāng)居民儲(chǔ)蓄存款+企業(yè)存款中具有定期性質(zhì)的存款+信托類存款+其他存款。

感覺還是有點(diǎn)暈 (|3」∠)