The definition of M2 includes
A) M1.
B) time deposits.
C) savings deposits.
D) all of the above

Name: The definition of M2 includes A) M1. B) time deposits. C) savings deposits. D) all of the above
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

M2 is a broader measure of the money supply than M1 and includes all the components of M1 along with other types of deposits such as savings deposits and time deposits. So, all the options (A, B, and C) are correct and the best choice is D, which includes all the options.

The Definition of M2 Includes