(TCO 7) Answer the question on the basis of the following list of assets: 1. Lar

Question

(TCO 7) Answer the question on the basis of the following list of assets:

1. Large-denominated ($100,000 and more) time deposits
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
5. Stock certificates
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
9. Money market mutual fund balances held by businesses
10. Currency held in bank vaults

Refer to the above list. The M2 definition of money comprises


items 2, 3, 4, 6, 7, 8, and 10.
items 3, 4, 5, and 6.
items 2, 3, 4, 6, 7, and 8.
all of the items listed.

Explanation / Answer

items 2, 5, 8, and 9.

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