Currently, _____ is equal to roughly $3.7 trillion, and it is the most liquid part of the money supply.
A) M1
B) M2
C) commodity money
D) cryptocurrency

Question

Quizplus · Accepted Answer

M1 is defined as the most liquid form of money supply, consisting of physical currency, demand deposits, and other checkable deposits. As of May 2021, the M1 money supply in the United States is approximately $3.7 trillion.

Currently, _____ Is Equal to Roughly $3