Refer to the above list. The M 2 definition of money comprises items 2, 3, 4, 6,
ID: 1099353 • Letter: R
Question
Refer to the above list. The M2 definition of money comprises
items 2, 3, 4, 6, 7, 8, and 10.
items 3, 4, 5, and 6.
items 2, 3, 4, 6, 7, and 8.
all of the items listed.
- 1. Large-denominated ($100,000 and more) time deposits
- 2. Noncheckable savings deposits
- 3. Currency (coins and paper money) in circulation
- 4. Small-denominated (less than $100,000) time deposits
- 5. Stock certificates
- 6. Checkable deposits
- 7. Money market deposit accounts
- 8. Money market mutual fund balances held by individuals
- 9. Money market mutual fund balances held by businesses
- 10. Currency held in bank vaults
Refer to the above list. The M2 definition of money comprises
(Points : 1)Explanation / Answer
items 2, 3, 4, 6, 7, and 8.