money market funds definition
Which of the following best sums up the difference between M-1 and M-2?
A. The M-1 the definition of money supply does not consider currencies that while the M-2 involves the definition of foreign currencies. B. The M-1 is the definition of "hard" currencies which are backed by gold and money, while M-2 is composed of "soft" currencies which are not backed by gold and silver. C. The M-2 definition includes everything in M-1 definition add additional components, such as money accounts savings, money market accounts and certificates of deposit. D. The M-1 money supply is composed solely of currency coins (and paper money) flowing into our economy, while the M-2 includes travelers checks and funds in demand deposits.
Economy section is the place for you.
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