The Federal Reserve Board said the nation’s...
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The Federal Reserve Board said the nation’s narrowest measure of money supply, M1, fell $7 billion to a seasonally adjusted $755.1 billion from a revised $762.1 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The measure known as M2 fell to a seasonally adjusted $2,947.5 billion in the week ended Feb. 29 from $2,953.1 billion the previous week. M2 is M1 plus accounts such as savings deposits and money market mutual funds.
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