In the 1980s, a new category entitled ________ was added to M1.
A) traveler's checks
B) demand deposits
C) other checkable deposits
D) money market mutual fund deposits

Question

Quizplus · Accepted Answer

In the 1980s, "other checkable deposits" were added to M1, expanding the definition of this monetary aggregate to include a wider range of liquid assets beyond traditional demand deposits and currency.

In the 1980s, a New Category Entitled ________ Was Added