Nowadays, without money, it can not and everything is "spinning" around money. But have you ever wondered how much money is there in the world? The answer is not so easy .....
because under the monetary values today there are a few more concepts than ordinary cash
What comes to mind first when we say money, when we mean cash, economists call it "M0".
All of the banknotes and all the world's savings in one pile today would have a value of $ 5,200 billion!
This is followed by the amount of money that economists call "M1", which makes up all cash and plus all the money that is in all accounts of all banks in the world.It's the money that you have (or do not have) in the bank in your account, but which you can pick up whenever you want. Such money is four times as many in the world as the one in the banknotes. All of the world's total money in this category is $ 25,000 billion. Move on.
What economists call "M2" means all amounts under "M1" plus all world small, short-term time deposits.
This category goes a step further and we reach the total amount of 60,000 billion dollars.
Finally, we have the "M3" category that comes when "M2" is added to all long-term time deposits, institutional money market funds, and all other current investments.
Here's a total of $ 80,900 billion.
because under the monetary values today there are a few more concepts than ordinary cash
What comes to mind first when we say money, when we mean cash, economists call it "M0".
All of the banknotes and all the world's savings in one pile today would have a value of $ 5,200 billion!
This is followed by the amount of money that economists call "M1", which makes up all cash and plus all the money that is in all accounts of all banks in the world.It's the money that you have (or do not have) in the bank in your account, but which you can pick up whenever you want. Such money is four times as many in the world as the one in the banknotes. All of the world's total money in this category is $ 25,000 billion. Move on.
What economists call "M2" means all amounts under "M1" plus all world small, short-term time deposits.
This category goes a step further and we reach the total amount of 60,000 billion dollars.
Finally, we have the "M3" category that comes when "M2" is added to all long-term time deposits, institutional money market funds, and all other current investments.
Here's a total of $ 80,900 billion.
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