Posted 11/8/2023 07:25 (#10473303 - in reply to #10473269) Subject: RE: M2 vs M1 Money supply
The simpliest answer is that M2 is M1 plus small denomination money market and CDs. The delta between is money moving from saving and checking to money market and CDs.
It's really not worth splitting hairs to go much deeper into the nuances in my opinion.