Which of the following does not belong in the M2 category? near money money market mutual funds deposits in savings currency held in bank vaults
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M2 Category is a form of money supply in which M1 Category(Cash and Checking Deposits) as well as near money. Near money sources are savings deposits, market securities and bonds, time deposits and mutual funds.
In the given options, "currency held in the bank vaults" is the one which is not a part of M2 Category of money supply.
M2 Category is a form of money supply in which M1 Category(Cash and Checking Deposits) as well as near money. Near money sources are savings deposits, market securities and bonds, time deposits and mutual funds.
In the given options, "currency held in the bank vaults" is the one which is not a part of M2 Category of money supply.
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Answer:
Near money sources are savings deposits, market securities and bonds, time deposits and mutual funds. In the given options, "currency held in the bank vaults" is the one which is not a part of M2 Category of money supply.
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