M1 differs from M2 because ________.
A)M2 includes components that are less liquid than any component of M1
B)M1 does not include savings deposits and M2 does
C)M1 is included in M2 but M2 has more components
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

All the statements accurately describe the differences between M1 and M2. M2 includes everything in M1 plus additional components that are less liquid, such as savings deposits and other time deposits, which are not found in M1.

M1 Differs from M2 Because ________