In the U.S. the money supply M1 is the total quantity of currency in the public's hands plus demand deposits.

Name: In the U.S. the money supply M1 is the total quantity of currency in the public's hands plus demand deposits.
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M1 includes all physical currency held by the public, as well as demand deposits, which are checking accounts and other deposits that can be accessed on demand without any penalties.

In the US the Money Supply M1 Is the Total Quantity of Quantity