Checking accounts are counted as part of:
A) M1 only.
B) M3 only.
C) M2 and M3.
D) M1 and M2.

Name: Checking accounts are counted as part of: A) M1 only. B) M3 only. C) M2 and M3. D) M1 and M2.
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Question

Quizplus · Accepted Answer

Checking accounts are considered part of both M1 and M2 money supply categories. M1 includes the most liquid forms of money, such as cash and checking deposits, while M2 includes all of M1 plus savings deposits, small time deposits, and other near-money assets.

Checking Accounts Are Counted as Part Of