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Which of the Statements Below Is an Incorrect or False

question 2

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Which of the statements below is an incorrect or false statement?


Definitions:

Large Denomination

Notes or coins of high value in circulation within the monetary system.

Time Deposits

Banking term for deposit accounts that have a fixed term and typically offer higher interest rates than regular savings accounts.

M2

M2 refers to a measure of the money supply that includes cash, checking deposits, and easily convertible near money.

M3

A measure of the money supply that includes M2 plus large time deposits, institutional money market funds, and other large liquid assets.

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