Question: The difference between M 1 and M 2 is that the latter includes negotiable government bonds. the latter includes cash held by commercial banks and

The difference between M1 and M2 is that
the latter includes negotiable government bonds.
the latter includes cash held by commercial banks and the U.S. Treasury.
the latter includes small-denominated time deposits and money market mutual fund balances.
the former includes time deposits.
The difference between M 1 and M 2 is that the

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