Chequing account balances that are linked to debit cards are included in:
A)M1.
B)M2 only.
C)both M1 and M2.
D)neither M1 nor M2.

Name: Chequing account balances that are linked to debit cards are included in: A)M1. B)M2 only. C)both M1 and M2. D)neither M1 nor M2.
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Question

Quizplus · Accepted Answer

Chequing account balances linked to debit cards are considered part of M1 because they are highly liquid and can be used for transactions. They are also included in M2, which encompasses all of M1 plus additional forms of savings.

Chequing Account Balances That Are Linked to Debit Cards Are