The money supply M2 includes M1

A. Plus balances in savings accounts, money market mutual funds, and currency in private bank vaults and in the Federal Reserve vaults.
B. Plus balances in savings accounts and money market mutual funds.
C. Minus balances in savings accounts and money market mutual funds.
D. Minus balances in savings accounts, money market mutual funds, and short-term certificates of deposit (six months or less).

Answer: B

Economics

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