Which of the following correctly indicate a difference between M1 and M2? Check all that apply. Fiat money Savings deposits Comm

Question

umka2103 [35]

3 years ago

10

Which of the following correctly indicate a difference between M1 and M2? Check all that apply. Fiat money Savings deposits Comm

odity money Small time deposits of less than $100,000

Business

1 answer:

Julli [10] · Answer 1 · 2022-05-09T23:05:54+03:00

Answer:

Savings deposits

Explanation:

M1 and M2 are monetary aggregates that represent different classifications of the money supply.

M2 as a monetary aggregate, includes all the types of money included in M1, plus other money types like savings deposits, and money-market deposit accounts.

In other words, while savings deposits are included in M2, they are not included in M1.