Which of the following items is not included in either M1 or M2?

a. Money market mutual fund balances

b. Currency held by banks Savings deposits

c. Checkable deposits

d. Currency held by the public

Item that are neither include in M1 nor in M2 is currency held by banks

Explanation:

Central bank of united united states decided the flow of cash through the country. There are two type of money supply i. e. M1 and M2.

The M1 type money supply consist money that are more in liquid state like cash deposits etc while on the other side M2 type of supply consist of money that are less in liquid state. This type of supply consist of M1 money with market funds and deposits certificate etc.

Therefore item that are neither include in M1 nor in M2 is currency held by banks.