Checkable deposits are
A) included in M1.
B) not included in either Ml or M2.
C) considered to be a near money.
D) also called time deposits.

Question

Quizplus · Accepted Answer

Checkable deposits, also known as demand deposits, are included in M1, which is a narrow definition of the money supply that includes only the most liquid forms of money that can be easily used for transactions, such as physical currency and funds in checking accounts.

Checkable Deposits Are