Question: How does M 2 differ from M 1 ? M 2 is smaller than M 1 . M 2 includes M 1 plus time deposits.

How does M2 differ from M1?
M2 is smaller than M1.
M2 includes M1 plus time deposits.
M2 includes holdings of gold but excludes currency.
M2 excludes traveler's checks but includes money market mutual funds.
How does M 2 differ from M 1 ? M 2 is smaller

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