Multiple Choice
Deposits in passbook savings accounts at an S&L are
A) not counted as money since they are not held at commercial banks
B) included in M1 but not in M2
C) included in M1 and in M2
D) not included in M1 but included in M2
E) not included in M1 or M2, since they are not demand deposits
Correct Answer:
Verified
Correct Answer:
Verified
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