Which of the following is not included in either M-1 or M-2?
A) CDs
B) Time deposits
C) Savings accounts
D) Credit cards
E) Chequing accounts

Question

Quizplus · Accepted Answer

Credit cards are not included in either M-1 or M-2 because they represent a line of credit rather than a form of money or deposit. M-1 and M-2 classifications include forms of money that are readily available for spending (like cash, chequing accounts, and similar deposits), not credit facilities.

Which of the Following Is Not Included in Either M-1