What does the M2 money supply include?
A) all currency, most savings accounts, money market accounts, and certificates of deposit or GICs
B) only currency and short-term money market accounts
C) all currency
D) all currency, credit cards, and most savings accounts

Question

Quizplus · Accepted Answer

M2 money supply includes all currency, most savings accounts, money market accounts, and certificates of deposit or GICs. Option B and C are incorrect as they either exclude important components of M2 or include additional components that are not part of M2. Option D is also incorrect as credit cards are not included in M2.

What Does the M2 Money Supply Include