What Is the Difference Between the M1 and M2 Definitions

question 13

Multiple Choice

What is the difference between the M1 and M2 definitions of money?

• A)The M1 definition includes currency in circulation;the M2 definition does not.
• B)The M2 definition includes notice deposits and personal term deposits.
• C)The M2 definition includes government bonds.
• D)The M2 definition includes cash held by commercial banks.
• E)The M2 definition includes certificates of deposit

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