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    Exam 18: Understanding Money, Banking, and Credit
  5. Question
    The M₂ Definition of Money Consists of M₁ Plus Savings
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The M₂ Definition of Money Consists of M₁ Plus Savings

Question 229

Question 229

True/False

The M₂ definition of money consists of M₁ plus savings accounts, certain money- market securities, and small-denomination time deposits or certificates of deposit of less than $100,000.

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