Refer to the following table to answer the following questions:
-Which of the following is NOT a component of M2?
A) currency
B) traveler's checks
C) checking accounts
D) savings accounts
E) gold

Question

Refer to the following table to answer the following questions: 
-Which of the following is NOT a component of M2?
A) currency 
B) traveler's checks 
C) checking accounts 
D) savings accounts 
E) gold

Quizplus · Accepted Answer

Gold is not included in M2 as it is considered a non-monetary asset. The other options, currency, traveler's checks, checking accounts, and savings accounts, are all components of M2.

Refer to the Following Table to Answer the Following Questions