Which one of the following is a component of M2 but not of M1?
A)currency outside banks
B)personal chequable deposits
C)personal non-chequable deposits
D)currency in a bank vault
E)Canada Savings Bonds

Question

Quizplus · Accepted Answer

Personal non-chequable deposits are a component of M2 but not M1. M1 consists of currency in circulation and chequable deposits (such as personal chequable deposits), while M2 includes M1 plus non-chequable deposits (such as personal non-chequable deposits) and other types of deposits and investments (such as Canada Savings Bonds). Currency outside banks and currency in a bank vault are both components of M1.

Which One of the Following Is a Component of M2