Which of the following statements about M1 and M2 is true?
(a) Demand deposits are not part of M1.
(b) M2 is more liquid than M1.
(c) M1 is larger than M2.
(d) Savings deposits are part of M2.
Answer: D
Which of the following statements about M1 and M2 is true?
(a) Demand deposits are not part of M1.
(b) M2 is more liquid than M1.
(c) M1 is larger than M2.
(d) Savings deposits are part of M2.
Answer: D
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