Checking deposits are included in
A) M2 only.
B) M1 only.
C) M1 and M2.
D) savings balances only.

Name: Checking deposits are included in A) M2 only. B) M1 only. C) M1 and M2. D) savings balances only.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Checking deposits are included in both M1 (which includes currency, demand deposits, and traveler's checks) and M2 (which includes M1 plus savings deposits, small time deposits, and money market mutual funds). Therefore, the correct answer is C - M1 and M2.

Checking Deposits Are Included in