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Which of the following is included in both M1 and M22 money market mutual funds Service Tag MAMMA MARIAM W2 Model FOR Manufac

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Answer #1

M1=Currency+ + traveller’s checks+ transaction deposits+ checkable (demand) deposit

M2=M1 + saving deposit, including money market deposit accounts +small time deposit+ Moneymarket funds held by individuals.

Since demand deposit is part of M1 and M1 is part of M2, therefore Demand deposit will be part of both M1 and M2.

Hence option second is the correct answer.

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