Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 10

Which two of the following financial institutions offer checkable deposits included within the M 1 money supply: mutual fund companies; insurance companies; commercial banks; securities firms; thrift institutions Which of the following is not included in either M 1 or M 2: currency held by the public; checkable deposits; money market mutual fund balances; small (less than $100,000) time deposits; currency held by banks; savings deposits.