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

Question

Quizplus · Accepted Answer

M2 includes M1 (currency in circulation and demand deposits) plus savings deposits, small-denomination time deposits, and retail money market mutual fund shares. Personal non-chequable deposits fall into the category of savings deposits, which are included in M2 but not in M1.

Which One of the Following Is a Component of M2