M1 includes all the following items EXCEPT
A) checking deposits owned by individuals and businesses.
B) traveler's checks.
C) deposits in money market mutual funds.
D) currency owned by individuals and businesses.
Correct Answer:
Verified
Q54: If an economy tried to use bananas
Q55: Checking deposits at banks are
A) money.
B) not
Q56: Which of the following applies to money
Q57: Checking deposits are
A) not part of money.
B)
Q58: U.S. currency
A) is less efficient than barter.
B)
Q60: Which of the following is NOT included
Q61: Sam has $500 in traveler's checks. He
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