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Refer to the given list of assets.
1. Large-denominated ($100,000 and over) time deposits
2. Non Checkable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (under $100,000) time deposits
5. Stock certificates
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
9. Money market mutual fund balances held by businesses
10. Currency held in bank vaults
The M2 definition of money includes ________.

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Answer:

2. Non Checkable savings deposits

3. Currency (coins and paper money) in circulation

4. Small-denominated (under $100,000) time deposits

6. Checkable deposits

7. Money market deposit accounts

8. Money market mutual fund balances held by individuals

Explanation:

M1 includes currency, checkable deposits, demand deposits, travelers' checks and negotiable order of withdrawal (NOW) accounts.

M2 includes M1 plus savings accounts, money market accounts, money market mutual funds, and time deposits under $100,000.

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