Respuesta :

The classification of each item as either part of the M2 measure of the money supply or as not part of the money supply is; detailed below

What is the classification of each item?

M2

- $900 billion in checkable deposits

- $2 trillion in savings accounts

- $1.25 trillion in small time deposits

- $900 billion in cash held by the public

- $650 billion in money market accounts

Not in the money supply

- $3trillion in government securities belonging to the Federal Reserve

- $4.5 trillion in credit card debt

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