Considering the money supply, which of the following is included in M2 but not included in M1? A) currency held by the public B) demand deposits (i.e., checking account balances) C) traveler's checks D) savings accounts
Considering the money supply, which of the following is included in M2 but not included in M1? A) currency held by the public B) demand deposits (i.e., checking account balances) C) traveler's checks D) savings accounts
Chapter14: Money And The Federal Reserve System
Section: Chapter Questions
Problem 10SQ
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![Considering the money supply, which of the following is included in M2 but not
included in M1?
A) currency held by the public
B) demand deposits (i.e., checking account balances)
C) traveler's checks
D) savings accounts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fecd5eace-bf49-4f1e-9b9c-04007a8e4c5a%2F55f780d5-1d52-43e1-a6a6-4e9899691730%2F7scfy5p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Considering the money supply, which of the following is included in M2 but not
included in M1?
A) currency held by the public
B) demand deposits (i.e., checking account balances)
C) traveler's checks
D) savings accounts
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