M‑2 includes
1) demand deposits
2) savings accounts
3) small certificates of deposit

Question

M‑2 includes​
1) demand deposits
2) savings accounts
3) small certificates of deposit

Quizplus · Accepted Answer

M-2 includes demand deposits (such as checking accounts) which can be used for everyday transactions, savings accounts which are less liquid and often used for storing funds for longer periods, and small certificates of deposit which are fixed-term deposits that earn higher interest rates than regular savings accounts. All three of these types of accounts are included in M-2.

M‑2 Includes​ 1) Demand Deposits

M‑2 Includes 1) Demand Deposits