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he distinctions between M 1 , M 2 , M 3 , and L depend on the a . owners of the money, such as
he distinctions between M M M and L depend on the
a owners of the money, such as banks, the government, or consumers.
b form of the money, whether paper or electronic.
c velocity of the money.
d moneys accessibility to consumers.
e interest rate charged for each.
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