The Definition of M₂ Includes M₁ (Currency and Demand Deposits)

Multiple Choice

The definition of M₂ includes M₁ (currency and demand deposits) plus savings accounts, certain money-market securities, and

A) the value of stock owned by individuals.
B) the value of homes owned by individuals.
C) time deposits of more than $100,000.
D) certificates of deposit of less than $100,000.
E) foreign currency deposited in U.S. banks.