Money as defined by M1 includes
A) coins.
B) paper money.
C) checking deposits.
D) travelers' checks.
E) All of these responses are correct.

Question

Quizplus · Accepted Answer

M1 includes all of the options presented, making E the correct answer. M1 represents the most liquid forms of money, including physical currency and checking deposits, which allow for easy and immediate transactions. Travelers' checks are considered part of M1 because they can be easily converted into cash or used for purchases.

Money as Defined by M1 Includes