Currency in circulation is part of
A) M1 only.
B) M2 only.
C) neither M1 nor M2.
D) both M1 and M2.

Name: Currency in circulation is part of A) M1 only. B) M2 only. C) neither M1 nor M2. D) both M1 and M2.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Currency in circulation is considered a component of both M1 and M2. M1 includes currency in circulation, demand deposits, traveler's checks, and other checkable deposits. M2 includes everything in M1 plus savings deposits, time deposits under $100,000, and money market deposit accounts.

Currency in Circulation Is Part of