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Use the Following List to Answer the Question About the Money

Question 36

Multiple Choice

Use the following list to answer the question about the money supply. Items
1) Money market mutual funds held by individuals
2) Savings deposits, including money market deposit accounts
3) Money market mutual funds held by businesses
4) Currency held by the public
5) Small time deposits
6) Checkable deposits
Refer to the list above. Which items are included in the M2 money supply, but not the M1 money supply?


A) 1 and 7
B) 3 and 5
C) 1 and 2
D) 1, 2, and 5

Correct Answer:

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