Refer to the following table to answer the following questions:
-Which of the following is NOT considered part of M2?
A) currency
B) money
C) traveler's checks
D) credit cards
E) checkable deposits

Question

Refer to the following table to answer the following questions: 
-Which of the following is NOT considered part of M2?
A) currency 
B) money 
C) traveler's checks 
D) credit cards 
E) checkable deposits

Quizplus · Accepted Answer

Credit cards are not considered part of M2, which only includes highly liquid financial assets such as currency, money, traveler's checks, and checkable deposits. Credit cards represent a line of credit that must be paid off later, rather than an immediate and direct form of payment.

Refer to the Following Table to Answer the Following Questions