Faisal KhanAnswered Jul 8, 2020Yes, PayPal / Venmo money is considered M1, because a wallet at the end of the day, is a For Benefit Of account for you, under a licensed bank’s charter, run by the program manager, which in this case is Paypal.
Do economists classify balances in Venmo or PayPal accounts as part of M1 or M2 money supply?
Faisal KhanAnswered Jul 8, 2020What would happen if everyone’s bank balance globally increased by $1 million USD instantly—would this be beneficial, dangerous, or both?1 ansDo cryptocurrencies count as part of the M1 money supply?1 ansWhere can reliable data on global money flows be accessed?1 ansWhere can you find reliable data on global money flows?1 ans