This question may sound stupid. Would you consider foreign currency as part of M1? I would assume not since you can’t do transactions in a foreign currency (although i wonder about the small turist countries that accept 3or 4 currencies)
This question may sound stupid. Would you consider foreign currency as part of M1? I would assume not since you can’t do transactions in a foreign currency (although i wonder about the small turist countries that accept 3or 4 currencies)