The difference between M1 and M2 is that
A) the former includes time deposits.
B) the latter includes small-denominated time deposits, savings accounts, money market deposit accounts, and money market mutual fund balances.
C) the latter includes negotiable government bonds.
D) the latter includes cash held by commercial banks and the U.S. Treasury.
Correct Answer:
Verified
Q29: Small-denominated time deposits, by definition
A) mature in
Q30: Paper money (currency) in the United States
Q31: Assuming no other changes, if checkable deposits
Q32: Currency in circulation is part of
A) M1
Q33: A checking account entry is money because
Q35: Near monies
A) include all financial and real
Q36: Coins in people's pockets and purses are
A)
Q37: The near-money components of M2 are
A) equally
Q38: The M2 money supply includes
A) stock certificates.
B)
Q39: Assuming no other changes, if balances in
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