Comment: Yes...it will immediately go into M1...

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In reply to comment: Expanding M1 money supply? (see in situ)

Yes...it will immediately go into M1...

...but their goal is for that to work its way into M3 (via fractional reserve banking) and re-inflate the credit markets. Of course, this hasn't been working very well.

Cuimhnigh orm, a Dhia, le haghaidh maith.