egin{tabular}{|l|c|} hline multicolumn{1}{|c|}{ Item } & egin{tabular}{c} Billions of \ Dollars end{tabular} \ hline Checkable Deposits & ( $ 597 ) \ hline Small Time Deposits & 818 \ hline Currency & 639 \ hline Money-Market Mutual Funds Held by Businesses & 1,045 \ hline Savings Deposits, Including Money-Market Deposit Accounts & 2,866 \ hline Money-Market Mutual Funds Held by Individuals & 979 \ hline end{tabular} Refer to the accompanying table. The value of the money included in M2 but not counted in M1 is Multiple Chaice ( $ 4,663 ) bilion. ( $ 1,457 ) bilion. ( $ 2,896 ) billion. ( $ 4,442 ) billion.
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M1 includes currency, checkable deposits, and other liquid monies that are very easily accessible for spending. M2 includes all of M1 plus savings deposits, small time deposits, and money-market mutual funds among other slightly less liquid assets. Show more…
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