Which of the following is NOT included in the M2 definition of money?
A) savings deposits
B) checkable deposits
C) money market mutual fund balances
D) currency held by banks

Question

Quizplus · Accepted Answer

Currency held by banks is included in the M1 definition of money, which includes only the most liquid forms of money. M2 includes all forms of M1 money as well as certain types of savings deposits and money market mutual fund balances. Checkable deposits are also included in M2.

Which of the Following Is NOT Included in the M2