Question

M2 is calculated by adding together time deposits, certificates of deposit, and ___________. Select all that apply. Select all that apply: M1 money supply money market mutual funds credit card purchases

Answer 1

Answer:

M1 money supply and money market mutual funds

Explanation:

M2 money supply includes those monies that are very liquid such as cash, checkable (demand) deposits, savings deposits, and traveler’s checks, otherwise known as M1, and less liquid monies including time deposits, certificates of deposits, and money market funds.