the fractional reserve

receipt 收据            loan贷款 loan out借出 out of loan已借出

circulation measures流通手段

money exponsion 货币扩张

deposit reserve ratio存款准备金率（credit creation信用创造）

money supply货币供应量

call price ,call purchase,call loan,

the three MS

asure of money货币量currency通货，外币

M1=Currency+coin+demand deposit

M2=M1+savings+CD+MMDA+MMMF+other short-time money market assets

M3=M2+financial assets and instruments