Roberto is looking for a precise definition of the money supply, so his teacher Victor suggests that he investigate the Glossary of Terms of the Central Reserve Bank. After reading this definition, he writes the following in his notebook. • M0: includes national currency notes and coins that are in the hands of the public. • M1: Includes M0+ demand deposits in national currency. • M2: Includes M1+ savings and time deposits in national currency and other circulating securities. • M3: It would be the money supply, including M2+ deposits and other securities in foreign currency of the private sector. During Professor Victor's Economics class, Roberto must answer, 'What are considered high liquidity means of payment?' Roberto's answer would be


A) Only the bills and coins called MO.
B) Bills and coins + demand deposits called M1.
C) Savings deposits in national and foreign currency.
D) All means of payment that make up the money supply.
E) The quasi-money constituted by the bills and coins in the hands of the public.