The difference between M1 and M2 is given by which of the following?
a. M1 is limited to checkable deposits, whereas M2 contains currency.
b. M1 is made up of currency and checkable deposits, whereas M2 contains M1 plus savings deposits and small time deposits.
c. M1 includes only currency, whereas M2 contains M1 plus checkable deposits.
d. M1 includes currency, coins, gold and silver, whereas M2 does not contain gold and silver.
b
Economics
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What will be an ideal response?
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