Which of the following is NOT included in the monetary aggregate M2?
A)currency
B)savings bonds
C)traveler's checks
D)checking deposits

Question

Quizplus · Accepted Answer

Savings bonds are not included in M2, which primarily includes funds that are readily available to spend or use for transactions, such as currency, checking deposits, and traveler's checks. Savings bonds are considered a non-liquid investment because they cannot be easily converted into cash without penalty until they mature.

Which of the Following Is NOT Included in the Monetary