The largest portion of the M₁ money supply consists of

Question

Quizplus · Accepted Answer

Checkable deposits, also known as demand deposits, are included in the M1 money supply. This category includes funds held in checking accounts and can be accessed quickly and easily through the use of checks, debit cards, or online transfers. While coins and paper currency are important components of the money supply, they are not the largest portion. Savings deposits at credit unions are included in the broader M2 or M3 money supply measures, but not in the M1 measure.

The Largest Portion of the M1 Money Supply Consists of

The Largest Portion of the M₁ Money Supply Consists of