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M1 is the sum of money in circulation , traveler s checks and checking deposits which are slowly becoming unpopularFrom January 1992 to January 2008 , M2 figures have been steadily going up . In January 1992 , seasonally adjusted M2 was at 4399 .4 , and rose to 8242 .8 as at January 2008 . The only months it declined through this period was in May 2000 , October 2001and October 2003Role of Federal Reserve in M2 ChangesThe Federal Reserve in the early 1990 s noted a declined receipts of M2 as a policy guide and economic forefinger . In 2000 the Federal Reserve announced that it did not strike off target ranges on the expired growth of money supply . It...If you want to get a full essay, order it on our website: Orderessay
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