Due to new methods of electronically transferring assets from savings accounts to checking accounts, many economists favor moving savings accounts from

Question

Quizplus · Accepted Answer

Moving savings accounts from M2 into M1 would allow for more efficient and immediate transfer of assets between savings and checking accounts, as M1 includes checking accounts which are more liquid than other types of accounts in M2 (such as time deposits). This would align with the advancements in electronic transfer methods mentioned in the question.

Due to New Methods of Electronically Transferring Assets from Savings