Question

What types of money are included in the M2 category? Check all that apply.

Answer 1

The correct answers are
1. currency
2. savings accounts
3. checking accounts
5. money market accounts

Answer 2

M2 is one of the different aggregates that conform the money supply in an economy.

M2 includes, first of all, the inmediately inferior agreggate: M1 (constituted by currency and coins held by the non-bank public, checkable deposits, and travelers' checks) and also savings deposits (including money market deposit accounts), small time deposits under $100,000, and shares in retail money market mutual funds.