__________ is the narrowest and most traditional definition of money.

Question

Quizplus · Accepted Answer

M1 is considered as the narrowest definition of money. It includes only the most liquid and physical forms of money, such as currency, checking account deposits, and traveler's checks. M2 and M3 include a broader range of assets, such as savings deposits and money market mutual funds, while M4 includes large time deposits and institutional money market funds.

__________ Is the Narrowest and Most Traditional Definition of Money