M1 Is Composed of

M1 is composed of

A) currency held by individuals and businesses, traveler's checks, and checkable deposits owned by individuals and businesses.
B) traveler's checks, credit cards, and e-cash.
C) currency held by individuals and businesses, traveler's checks, and the credit line on credit cards.
D) checkable deposits owned by individuals and businesses, saving deposits, and certificates of deposit.
E) currency inside of banks, traveler's checks, and government-issued checks.