Question
True or false: Money supply M1 includes all components of M2.
True false question.
True
False
True false question.
True
False
Answers
GPT-4o mini
False.
M1 is a subset of M2, meaning that M2 includes all components of M1 plus other forms of money such as savings accounts and time deposits.
M1 is a subset of M2, meaning that M2 includes all components of M1 plus other forms of money such as savings accounts and time deposits.