Which of the Following Is Not Included in M2

question 206

Multiple Choice

Which of the following is not included in M2.

• A)small time deposits
• B)coins,currency,and checkable deposits
• C)savings accounts
• D)gold and silver
• E)money market mutual funds

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Definitions:

Minor

An individual under the age of legal adulthood, typically seen as below the age of 18 in most jurisdictions.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be enforceable.

Oral Contract

An agreement between parties that is spoken and not formally recorded in written form, yet is legally binding.

Enforceable

Capable of being imposed or executed in accordance with the law.