Which of the following is not included in either M1 or M2?
A)U.S.Treasury bills
B)small time deposits
C)demand deposits
D)money market mutual funds

Question

Quizplus · Accepted Answer

U.S. Treasury bills are not included in either M1 or M2. M1 includes the most liquid forms of money, such as physical currency, demand deposits, and traveler's checks. M2 includes M1 plus less liquid forms of money, such as savings deposits, small time deposits, and money market mutual funds. U.S. Treasury bills are a type of government debt instrument and therefore not considered money.

Which of the Following Is Not Included in Either M1