Which of the following is NOT included in the M1 measure of money?
A) currency held outside banks
B) currency held in bank vaults
C) checking deposits at commercial banks
D) checking deposits at credit unions

Question

Quizplus · Accepted Answer

M1 includes currency in circulation (outside banks), checking deposits at commercial banks, and checking deposits at credit unions, but does not include currency held in bank vaults, as this is considered part of bank reserves rather than circulating money.

Which of the Following Is NOT Included in the M1