2. Which two of the following financial institutions offer checkable deposits included within the M 1 money
Question:
2. Which two of the following financial institutions offer checkable deposits included within the M 1 money supply:
mutual fund companies; insurance companies; commercial banks; securities firms; thrift institutions? Which of the following is not included in either M 1 or M 2: currency held by the public; checkable deposits; money market mutual fund balances; small (less than $100,000)
time deposits; currency held by banks; savings deposits?
LO1
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