M3 includes all of the following EXCEPT:
A)checking and savings
B)MMMFs
C)stocks and bonds
D)all of the above are included

Name: M3 includes all of the following EXCEPT: A)checking and savings B)MMMFs C)stocks and bonds D)all of the above are included
Brand: Quizplus
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Question

Quizplus · Accepted Answer

M3 includes checking and savings accounts, MMMFs (money market mutual funds), and all types of time deposits. However, it does not include stocks and bonds, as those are considered financial assets rather than monetary aggregates.

M3 Includes All of the Following EXCEPT