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seraphim [82]
4 years ago
15

M2 includes M1 plus: A) checking account deposits, large-denomination time deposits, and noninstitutional money market fund shar

es. B) currency in circulation, checking account deposits in banks, and holdings of traveler's checks. C) currency in circulation, savings account balances, and small-denomination time deposits. D) savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares.
Business
1 answer:
Fofino [41]4 years ago
5 0

Answer:

D) savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares.

Explanation:

M1 includes money in circulation, travellers check, money in checking accounts and money deposited in the banks.

M2 includes m1 + savings​ accounts, small time​ deposits, and money markets.

M1 is thenarrow definition of money. M2 is the broader definition of money .

I hope my answer helps you

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