Which of the Following Is Included in M2,but Not in M1

question 38

Multiple Choice

Which of the following is included in M2,but not in M1?

• A) currency (outside the Bank of Canada and the vaults of depository institutions)
• B) travelers' cheques
• C) demand deposits
• D) personal savings deposits
• E) nonpersonal notice deposits

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Definitions:

Communication

The process of transferring information from one party to another through various means, such as verbally, nonverbally, or through written media, to achieve mutual understanding.

Email

A digital method of sending and receiving messages over the internet or other computer networks.

Virtual Meeting

A meeting conducted using digital platforms that allows participants to communicate and collaborate from different geographic locations without the need for physical presence.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of a broader or more inclusive perspective.