The definition of M2 includes
I. M1.
II. money market mutual funds.
III. currency held outside of banks.

Name: The definition of M2 includes I. M1. II. money market mutual funds. III. currency held outside of banks.
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Question

Quizplus · Accepted Answer

M2 includes M1 (which is cash and checking deposits), money market mutual funds (which are short-term, low-risk investments), and currency held outside of banks (such as in wallets or safes). Therefore, all the options are correct.

The Definition of M2 Includes