Question

What types of money are included in the M2 catgergory? check all that Apply.

currency
savings accounts
checking accounts
commodity money
money market accounts

Answer 1

M2 money includes the liquid assets and it is a broader term than M1 money. M1 includes cash, saving accounts, checking accounts, and anything that is less liquid.

Answer: Money that are included in the M2 category are COMMODITY MONEY and MONEY MARKET ACCOUNTS.

Answer 2

The answer is currency, savings accounts, and checking accounts, money market accounts.

Step-by-step explanation:

Currency account: is a transactional account measured in a currency other than the home currency and which can be preserved by a bank in a bank in another country or the home country.

Savings account: referred as a deposit account held at a retail bank that pays interest

Checking accounts: is also a deposit account held at a financial institution that allows deposit

Money market accounts: This is a deposit account that pays interest based on interest current rates in the money markets.