Checks are
A) only part of M2 but not part of M1.
B) part of M1 but not part of M2.
C) not money.
D) the largest component of the money supply.

Name: Checks are A) only part of M2 but not part of M1. B) part of M1 but not part of M2. C) not money. D) the largest component of the money supply.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Checks themselves are not money; they are instruments used to transfer money from one account to another.

Checks Are