Question

question 39
which of the following is not included in the monetary aggregate m2?
○ travelers checks
○ savings bonds
○ checking deposits
○ currency

Explanation:

To determine which is not in M2, recall M2 components: M1 (currency, traveler’s checks, checking deposits) plus savings deposits, money - market mutual funds, etc. Savings bonds are not part of M2; traveler’s checks, checking deposits, and currency are in M1 (hence in M2).

Answer:

B. savings bonds