The U.S. money supplies, M1 and M2, include I. currency in circulation. II. checkable deposits. III. bond mutual funds.
A) I and II only
B) II and III only
C) I and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

M1 includes only currency in circulation and checkable deposits, while M2 includes M1 plus savings deposits, small time deposits, and money market mutual funds. Bond mutual funds are not included in either M1 or M2.

The US Money Supplies, M1 and M2, Include I