Which of the following is included in M1+?
A) credit cards
B) savings accounts
C) currency
D) Canada savings bonds

Question

Quizplus · Accepted Answer

M1+ includes currency in circulation and demand deposits (checking accounts), and possibly traveler's checks. Credit cards are not considered part of the money supply as they do not represent money that can be spent immediately, and savings accounts and Canada savings bonds are considered part of M2 or M3 (broader definitions of the money supply).

Which of the Following Is Included in M1