Which of the following definitions of the money supply includes only the most liquid forms of money?

Question

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M1 includes the most liquid forms of money, such as physical currency, demand deposits, and traveler's checks. M2 is a broader measure that includes M1 plus savings deposits, time deposits, and money market mutual funds. Savings deposits and money market mutual deposits are not as liquid as the items included in M1.

Which of the Following Definitions of the Money Supply Includes