Money market mutual funds
A)are included in M2 but not M1.
B)are included in M1 but not M2.
C)are included in M1 and M2.
D)are the largest part of the monetary base.
E)None of the above is correct.

Question

Quizplus · Accepted Answer

Money market mutual funds are included in M2 but not in M1, as M1 includes more liquid forms of money like cash and checking deposits, while M2 includes M1 plus savings accounts and money market mutual funds.

Money Market Mutual Funds