The M 1 money supply is composed of

The M 1 money supply, typically referred to as M1, includes currency (paper money and coins in circulation), demand deposits (checking accounts), traveler's checks, and other checkable deposits. These are all forms of money that are easily accessible for transactions.

The M 1 money supply is composed of

The M 1 money supply, typically referred to as M1, includes currency (paper money and coins in circulation), demand deposits (checking accounts), traveler's checks, and other checkable deposits. These are all forms of money that are easily accessible for transactions.

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The M₁ Money Supply Is Composed of

Question 83

Multiple Choice

The M₁ money supply is composed of

A) currency, demand deposits, traveler's checks, and other checkable accounts.
B) currency, demand deposits, savings deposits, money market mutual funds, and small time deposits.
C) currency, government bonds, gold certificates, and coins.
D) None of the above is correct.

Correct Answer: