Why is the velocity of money higher when...Why is the velocity of money higher when money stock is measured by M1 rather than M2?Multiple Choice
O M1 is more liquid and easily transferable than M2.
O M1 includes only savings accounts whereas M2 also includes checking accounts.
O M2 is more liquid and easily transferable than M1.
O M2 includes gold and and silver whereas M1 also includes checking accounts.