Question : M2 is one of the measures of the money supply. M2 is the sum of M1+______.
Option 1: saving deposits with the post office
Option 2: National Saving Certificates
Option 3: coins and currency notes
Option 4: demand deposits
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Correct Answer: saving deposits with the post office
Solution : The correct option is saving deposits with the post office .
The two most often used definitions of money are M 1 and M 2 . M 1 is made up of traveller's cheques, checkable (demand) deposits, and coins and money in circulation. M 2 is equal to M 1 plus certificates of deposit, money market funds, savings accounts, and other time deposits.
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