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Difference between M3 and M1 money supply?

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Difference between M3 and M1 money supply?
posted May 6 by Venkat Bojja
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M0: Monetary Base, the actual federal reserve notes (dollar bills) and coins in circulation.

MB: M0 + coins and notes in bank vaults and money deposited at the Federal Reserve (this is the most important measure).

M1: M0 + travelers checks, demand account balances.

M2: M1 + savings account balances, CD’s and money market accounts.

M3: M2 + large deposit accounts and other special Federal Reserve quantities.

answer May 6 by Salil Agrawal

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