M2 includes M1 and:
A) large time deposits.
B) overnight repurchase agreements.
C) savings accounts.
D) long-term bonds.
E) gold reserves.

Name: M2 includes M1 and: A) large time deposits. B) overnight repurchase agreements. C) savings accounts. D) long-term bonds. E) gold reserves.
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Question

Quizplus · Accepted Answer

M2 includes M1 (which is cash and checking deposits) plus savings accounts, small time deposits, and other near-money assets.

M2 Includes M1 And