Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn

Exercise 2

Which two of the following financial institutions offer checkable deposits included within the M1 money supply: mutual fund companies; insurance companies; commercial banks; securities firms; thrift institutions Which of the following is not included in either M1 or M2: currency held by the public; checkable deposits, money market mutual fund balances; small (less than $100,000) time deposits; currency held by banks; savings deposits