Multiple Choice
Which of the following is included in M2, but not included in M1?
A) currency held outside banks
B) travelers checks
C) demand deposits
D) savings accounts
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q257: Crescent City Bank is currently loaned up.
Q258: The federal funds rate is a<br>A) one-month
Q259: A loan made by a bank is
Q260: Money that has no intrinsic value and
Q261: Any transaction that involves exchanging one good
Q263: The Fed is a nonprofit institution whose
Q264: Banks can hold required reserves either as
Q265: The Fed uses open market operations to<br>A)
Q266: Refer to the information provided in Scenario
Q267: Napoli National Bank has liabilities of $3