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Which of these statements describes a condensation reaction
Small Denomination Time Deposits
Bank deposits that are held for a fixed term with a specified small minimum amount and earn interest over time.
Large Denomination Time Deposits
Time deposits in a bank or financial institution with a large minimum amount of money required, typically over $100,000, and a fixed term.
M2
A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits, small time deposits, and money market mutual funds.
M3
A measure of the money supply that includes M2 plus large time deposits, institutional money market funds, and other larger liquid assets.
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