Currency held outside the banking system is included
A) in M1 but not M2.
B) in M2 but not M1.
C) in both M1 and M2.
D) in neither M1 nor M2.

Name: Currency held outside the banking system is included A) in M1 but not M2. B) in M2 but not M1. C) in both M1 and M2. D) in neither M1 nor M2.
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Question

Quizplus · Accepted Answer

Currency held outside the banking system is included in both M1 and M2, as M1 includes physical currency among other components, and M2 includes everything in M1 plus additional assets.

Currency Held Outside the Banking System Is Included