Which types of money are found in the M2 money supply only?(1 point)

Question

Responses

small-denomination time deposits and retail money market mutual funds
small-denomination time deposits and retail money market mutual funds

travelers cheques and saving deposits
travelers cheques and saving deposits

coinage in circulation and other checkable deposits
coinage in circulation and other checkable deposits

paper money and demand deposits

Answer 1

The types of money found in the M2 money supply only include small-denomination time deposits and retail money market mutual funds.

M2 includes M1 (which consists of coins, paper money, and demand deposits) as well as additional assets such as small-denomination time deposits and retail money market mutual funds.