首先是基本货币供应量，其次是所谓的M - 1，货币供应量之一，包括支票帐户、银行的活期存款等等。

So we start with base money and then we'll have what's called M-1, which includes cheque accounts, demand deposits of Banks...

youdao

活期存款帐户，可用支票从存款中支付款项的银行帐户。

A bank account in which checks may be written against amounts on deposit.

youdao

首先是基本货币供应量，其次是所谓的M-1，货币供应量之一，包括支票帐户、银行的活期存款等等。 然后是M-2，货币供应量之二，包括一些活期储蓄帐户和定期存款。 。

So we start with base money and then we'll have what's called M-1, which includes cheque accounts, demand deposits of banks … and then M-2 which will include some savings deposits, some time deposits.

youdao