Refer to the given list of assets. 1. Large-denominated ($100,000 and over) time deposits
2) Savings deposits
3) Currency (coins and paper money) in circulation
4) Small-denominated (under $100,000) time deposits
5) Stock certiﬁcates
6) Checkable deposits
7) Money market deposit accounts
8) Money market mutual fund balances held by individuals
9) Money market mutual fund balances held by businesses
10) Currency held in bank vaults
The assets that are not included in either M1 or M2 are
A) items 1, 5, 9, and 10.
B) items 2, 5, 8, and 9.
C) items 1, 3, 5, 7, and 9.
D) all of the 10 items listed .

Question

Quizplus · Accepted Answer

Items 1, 5, 9, and 10 are not included in M1 or M2. Large-denominated time deposits and stock certificates are not part of M1 or M2. Money market mutual fund balances held by businesses are not considered part of personal saving and thus not in M2, and currency held in bank vaults is not in circulation, so it's not part of M1.

Refer to the Given List of Assets