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What Is the Difference Between M1 and M2

Question 124

Multiple Choice

What is the difference between M1 and M2?


A) M1 includes currency in circulation and M2 does not.
B) M2 includes certificates of deposit and M1 does not.
C) M2 includes notice deposits and personal term deposits and M1 does not.
D) M2 is always smaller than M1.

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