All of the following assets are included in M₁ except:
A)currency.
B)demand deposits.
C)traveler's checks.
D)money market deposit accounts.

Name: All of the following assets are included in M₁ except: A)currency. B)demand deposits. C)traveler's checks. D)money market deposit accounts.
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Question

Quizplus · Accepted Answer

M₁ includes currency, demand deposits, and traveler's checks, but money market deposit accounts are included in M₂, which is a broader measure of the money supply that includes M₁ plus other types of deposits.

All of the Following Assets Are Included in M₁ Except