M1 and M2 are two definitions of the money supply.
Determine if the items listed are included...
M1 and M2 are two definitions of the money supply.
Determine if the items listed are included in the money supply under each of these definitions and place them in the appropriate category.
Gold, Traveler's check, Balance in savings accounts, Money market account balance, credit cards, common stock, certificates of deposit, currency, balance in checking accounts.
a) M1 only
b) M2 only
c) M1 and M2
d) Neither M1 or M2.
Answers: 2
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