In the United States, the money supply (M1) consists of:

Question

Quizplus · Accepted Answer

M1 consists of the most liquid forms of money, which are coins, paper currency, checkable deposits (such as checking accounts), and traveler's checks. Option A is not complete as it does not include checkable deposits and traveler's checks. Option C includes savings deposits, which are not as liquid as the other forms of money listed in M1. Option D includes government bonds, which are not considered money at all.

In the United States, the Money Supply (M1) Consists Of