Which of the following is included in M1,but not in M2?
A) currency
B) checking account deposits
C) travelers checks
D) Everything in M1 is in M2.

Name: Which of the following is included in M1,but not in M2? A) currency B) checking account deposits C) travelers checks D) Everything in M1 is in M2.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

M2 includes all of M1 (currency, checking account deposits, and travelers checks) plus additional forms of money such as savings deposits, money market deposits, and small-denomination time deposits.

Which of the Following Is Included in M1,but Not in M2