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Which one of the following is part of the M2 definition of the money supply, but not part of M1?

A. Currency in circulation

B. Checkable deposits

C. Loans given by non banking financial institutions

D. Small savings and time deposits.

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Yusra Anees
Yusra AneesLv10
23 Oct 2020

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Related questions

The difference between M1 and M2 is given by which of the following:

1. M1 includes currency, coins, gold, and silver whereas M2 does not include gold and silver.

2. M1 is made up of currency and checkable deposits whereas M2 contains M1 plus saving deposits and small time deposits.

3. M1 is limited to checkable deposits, whereas M2 contains currency

4. M1 includes only currency, whereas M2 contains M1 plus checkable deposits

The difference between M1 and M2 is given by which of the following:

1. M1 includes currency, coins, gold, and silver whereas M2 does not include gold and silver.

2. M1 is made up of currency and checkable deposits whereas M2 contains M1 plus saving deposits and small time deposits.

3. M1 is limited to checkable deposits, whereas M2 contains currency

4. M1 includes only currency, whereas M2 contains M1 plus checkable deposits

The M1 definition of the money supply includes:

A. currency

B. demand deposits and other checkable deposits at depository institutions

C. traveler's checks

D. all of the above 

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