Which category of the money supply would you be contributing to if you deposited money into your savings account? Group of answer choices M2 M1 traveler's check time deposits

Respuesta :

The correct answer is A; M2

Further Explanation:

There are two types of measuring money M1 and M2. When someone is making a deposit into their savings they are contributing to the M2 money supply. The difference between M1 and M2 is the the liquidity of the money. M1 is when you have more liquid assets. M2 has all of the features of M1 but includes savings deposits and also time deposits and aren't as liquid as M1.

M1 contains all of the currency such as coins and paper money that is in the circulation of the public. The money for M1 can be gotten on demand such as when a person uses their debit card.

Learn more about the money supply at https://brainly.com/question/3625390

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