Refer to the following table to answer the following questions:
-Which of the following is the largest component of M1?
A) savings deposits
B) checking deposits
C) credit cards
D) small time deposits
E) money market mutual funds

Question

Refer to the following table to answer the following questions: 
-Which of the following is the largest component of M1?
A) savings deposits 
B) checking deposits 
C) credit cards 
D) small time deposits 
E) money market mutual funds

Quizplus · Accepted Answer

Checking deposits are the largest component of M1, with a value of $738 billion. Savings deposits are the second largest component, with a value of $604 billion. Credit cards, small time deposits, and money market mutual funds are not included in M1.

Refer to the Following Table to Answer the Following Questions