The nation’s basic money supply rose by...
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The nation’s basic money supply rose by $3.3 billion in the week ended Nov. 23, according to a report by the Federal Reserve Board. The Fed said M1 rose to a seasonally adjusted $759.5 billion from a revised $756.2 billion the week before. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. Some economists contend that M1’s fast growth is an indication that the Fed is attempting to stimulate the economy.
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