Which of the following is the largest measure of money?
A)Federal Reserve notes
B)definitive money
C)M1
D)M2

Name: Which of the following is the largest measure of money? A)Federal Reserve notes B)definitive money C)M1 D)M2
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Question

Quizplus · Accepted Answer

M2 is the broadest measure of money, which includes M1 plus savings accounts, time deposits, and other components. Federal Reserve notes and definitive money are physical forms of currency, while M1 is a narrower definition of money that only includes the most liquid forms.

Which of the Following Is the Largest Measure of Money