M2 is money in the form of traverlers checks, regular checks, e-money, and similar forms of secondary money.  It is peculiar to see that the total number of deposits made is more than the amount of currency available.  E-money is harder for banks to track, especially when they are in the hands of third party business such as Paypal.  If the central banks underestimate how much money is flowing through the economy, the government will think to print more money, which would cause inflation.

Since its founding in 2001, American Debt Counseling (ADC) has provided assistance to thousands of consumers across America seeking to regain control of their finances.

(nonprofit organization)

The organization's stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs.

This image describes key forces and turning points that could fundamentally shape the governance and structure of the global financial system in the next decade.