Which of the following is included in M2 but not in M1?
A) currency
B) demand deposits
C) small-denomination time deposits
D) debit cards

Name: Which of the following is included in M2 but not in M1? A) currency B) demand deposits C) small-denomination time deposits D) debit cards
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Question

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M2 includes all components of M1 (currency and demand deposits) and also includes small-denomination time deposits (less than $100,000). Debit cards are not considered a separate component of the money supply.

Which of the Following Is Included in M2 but Not