Multiple Choice
Which of the following is a difference between the M1 money supply and the M2 money supply?
A) The M1 money supply takes into account credit cards, whereas the M2 money supply does not take credit cards into account.
B) The M1 money supply is liquid, whereas the M2 money supply is illiquid.
C) The M1 money supply is illiquid, whereas the M2 money supply is liquid.
D) The M1 money supply as of December 2013 was $10.99 billion, whereas the M2 money supply as of December 2013 was $2.65 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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