The M2 Measure of Money Consists of the Sum Of

question 67

Multiple Choice

The M2 measure of money consists of the sum of:

• A)savings deposits, small time deposits, and money market mutual funds.
• B)currency, checking and savings deposits, and small time deposits.
• C)currency, checking and savings deposits.
• D)M1, savings deposits, small time deposits, and money market mutual funds.

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Definitions:

Mixed Numbers

Numbers consisting of an integer and a proper fraction, representing sums of whole numbers and fractions.

Improper Fractions

Fractions where the numerator is greater than or equal to the denominator, representing a value of one or more.

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest whole numbers.

Quarts

A unit of volume in the U.S. customary and the British imperial systems, equal to a quarter of a gallon, or approximately 0.946 liters.