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M2 is a measure of the money supply that includes cash, checking deposits, and other deposits readily convertible to cash, such as CDs. M1 is an estimate of cash, checking, and savings account...
M1 and M2 money are the two mostly commonly used definitions of money. M1 = coins and currency in circulation + checkable (demand) deposit + traveler’s checks + saving deposits. M2 = M1 + money market funds + certificates of deposit + other time deposits.
M1 is a narrow measure of the money supply that includes currency, demand deposits, and other liquid deposits, including savings deposits. M1 does not include financial assets, such as bonds.
Apple says that the M2 chip takes the performance per watt of the M1 even further with an 18 percent faster CPU, a 35 percent more powerful GPU, and a 40 percent faster Neural Engine.
The M2 chip offers a number of significant upgrades over the M1, including a beefier CPU/GPU combo with more power, improved memory bandwidth, and support for Apple's ProRes and ProRes RAW...
Beginning May 2020, M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less IRA and Keogh balances at depository institutions; and (2) balances in retail MMFs less IRA and Keogh balances at MMFs.
Is the second-generation M2 processor better than the M1? It depends. Here's everything you need to know about Apple's latest silicon and whether you should choose it for your next MacBook.