M1 and M2 are

Name: M1 and M2 are
Brand: Quizplus
Rating: 4.7 (54 reviews)

Question

M1 and M2 are

Quizplus · Accepted Answer

Both M1 and M2 are measures of the U.S. money supply. M1 includes currency, demand deposits, traveler's checks, and other checkable deposits, while M2 includes all components of M1 plus savings and time deposits, money market mutual funds, and other larger liquid assets. They are official measures of the money supply, not nonofficial. While they do not encompass every possible method of payment, they do cover the most commonly used forms of money.

M1 and M2 Are