The difference between M1 and M2 is
a. M1 includes time deposits.b. M2 includes small-denominated time deposits, uncheckable savings accounts, money market deposit accounts, and money market mutual fund balances.c. M2 includes cash held by commercial banks and the U.S. Treasury.

Question

The difference between M1 and M2 is 
a. M1 includes time deposits.b. M2 includes small-denominated time deposits, uncheckable savings accounts, money market deposit accounts, and money market mutual fund balances.c. M2 includes cash held by commercial banks and the U.S. Treasury.

The difference between M1 and M2 is

a. M1 includes time deposits.
b. M2 includes small-denominated time deposits, uncheckable savings accounts, money market deposit accounts, and money market mutual fund balances.
c. M2 includes cash held by commercial banks and the U.S. Treasury.

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The difference between M1 and M2 is a. M1 includes time deposits.b. M2 includes small-denominated time deposits, uncheckable savings accounts, money market deposit accounts, and money market mutual fund balances.c. M2 includes cash held by commercial banks and the U.S. Treasury.