Depends, but generally speaking, the answer is No. It has been no in 1973, a no in 1984, a no in 1999, a no in 2013 and will be a no for the years to come. A CD or certificate of deposit is perhaps the lowest risk, lowest yield form of investment vehicle available to […]
Category: Economics
Do economists consider money in a Venmo or Paypal account M1 or M2?
Yes, 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.