The money aggregate M1 consists of
A) only demand deposits and time deposits.
B) checking accounts, savings accounts and Treasury bills.
C) currency and savings accounts.
D) currency and demand deposits, including travelerʹs checks.

Question

Quizplus · Accepted Answer

M1 includes currency and demand deposits, which includes checking accounts and traveler's checks. It does not include time deposits or savings accounts.

The Money Aggregate M1 Consists of