Which of the following are included in the M2 definition of money?
A)currency outside of banks and checkable deposits
B)currency outside of banks and credit lines on credit cards
C)time deposits and the value of prime grade bonds
D)currency both inside and outside of banks
E)currency inside of banks and banks' reserves

Question

Quizplus · Accepted Answer

M2 includes currency outside of banks, checkable deposits, savings deposits, time deposits, and money market mutual funds, but not credit lines, bonds, or currency inside banks.

Which of the Following Are Included in the M2 Definition