Which of the following is included in M2, but not in M1?
A) currency (outside the Bank of Canada and the vaults of depository institutions)
B) travelers' cheques
C) demand deposits
D) personal savings deposits
E) nonpersonal notice deposits

Question

Quizplus · Accepted Answer

Personal savings deposits are included in M2 but not in M1. M1 includes currency, travelers' cheques, and demand deposits, while M2 includes all of M1 plus savings deposits and other near-money assets.

Which of the Following Is Included in M2, but Not