M2 adds together ________.
A) currency in circulation, savings accounts, and currency held by foreigners
B) currency in circulation, checking accounts, savings accounts, travelers' checks, and money market accounts
C) currency in circulation, checking accounts, savings accounts, travelers' checks, and currency held by foreigners
D) currency in circulation and currency held by foreigners

Question

Quizplus · Accepted Answer

M2 includes all the components mentioned in option B, which are currency in circulation, checking accounts, savings accounts, travelers' checks, and money market accounts. Option A and C are incorrect because they either exclude or include incorrect components. Option D only includes currency in circulation and currency held by foreigners, but not other types of deposits or financial instruments.

M2 Adds Together ________