1. Large-denominated ($100,000 and more) time deposits 2. Noncheckable savings d

Question

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 assets that are not included in either M1 or M2 are

(Points : 1)
items 1, 5, 9, and 10.
items 2, 5, 8, and 9.
items 1, 3, 5, 7, and 9.
all of the 10 items listed.

Explanation / Answer

items 2, 5, 8, and 9.

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