The Definition of M₂ Includes M₁ (Currency and Demand Deposits)

question 157

Multiple Choice

The definition of M₂ includes M₁ (currency and demand deposits) plus savings accounts, certain money-market securities, and

• A) the value of stock owned by individuals.
• B) the value of homes owned by individuals.
• C) time deposits of more than $100,000.
• D) certificates of deposit of less than $100,000.
• E) foreign currency deposited in U.S. banks.

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Definitions:

Flexes

The action of bending a limb or joint or the ability to bend a muscle.

Musculoskeletal

Pertaining to the muscular and skeletal systems.

Skeletal Systems

The framework of bones and cartilage that supports the body, protects internal organs, and provides leverage for movement.

Iliac Crest

The top border of the ilium, a part of the hip bone, often used as a site for bone marrow and bone grafts.