Question: What is the difference between the M1 and M2 definitions of money? Multiple Choice The M1 definition includes currency in circulation; the M2 definition does

What is the difference between the M1 and M2 definitions of money?

Multiple Choice

  • The M1 definition includes currency in circulation; the M2 definition does not.
  • The M2 definition includes notice deposits and personal term deposits.
  • The M2 definition includes government bonds.
  • The M2 definition includes cash held by commercial banks.
  • The M2 definition includes certificates of deposit

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