Savings accounts are included in which of the following money supply definitions?
A) M0
B) M1
C) M2
D) Mx

Name: Savings accounts are included in which of the following money supply definitions? A) M0 B) M1 C) M2 D) Mx
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Question

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Savings accounts are included in M2, which includes M1 plus savings deposits, small time deposits, and money market mutual funds. M0 only includes physical currency and M1 includes physical currency, demand deposits, and other checkable deposits. There is no such definition as Mx.

Savings Accounts Are Included in Which of the Following Money