The Basic Distinction Between M1 and M2 Is That

The basic distinction between M1 and M2 is that

A) M2 excludes all checkable deposits.
B) M1 is the money supply broadly defined to include large certificates of deposit.
C) M2 is the money supply expressed in current dollars, whereas M1 is expressed in constant dollars.
D) M1 includes credit card balances on bank-issued credit cards.
E) M2 equals M1 plus savings, small time deposits, money market mutual fund balances, and money market deposit accounts.

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