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Which of the following correctly indicate a difference between M1 and M2? Check all that apply. Fiat money Savings deposits Commodity money Small time deposits of less than $100,000

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sebastiansierraocm

Answer:

Savings deposits

Explanation:

M1 and M2 are monetary aggregates that represent different classifications of the money supply.

M2 as a monetary aggregate, includes all the types of money included in M1, plus other money types like savings deposits, and money-market deposit accounts.

In other words, while savings deposits are included in M2, they are not included in M1.

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