Saving account balances are included in
A) M1.
B) M2.
C) neither M1 nor M2.
D) both M1 and M2.

Name: Saving account balances are included in A) M1. B) M2. C) neither M1 nor M2. D) both M1 and M2.
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Question

Quizplus · Accepted Answer

Saving account balances are included in M2. M2 includes M1 (currency, demand deposits, traveler's checks, and other checkable deposits) as well as savings deposits, small-denomination time deposits (like certificates of deposit), and money market mutual fund shares.

Saving Account Balances Are Included in