The largest portion of the M1 money supply consists of

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Checkable deposits make up the largest portion of the M1 money supply, which includes both demand deposits (checking accounts) and other types of accounts that can be easily accessed for transactions, such as NOW accounts. Coins and paper currency also make up a portion of M1, but not as large as checkable deposits. Savings deposits at credit unions are part of the broader M2 money supply, which includes M1 plus other types of deposits, such as savings accounts and time deposits.

The Largest Portion of the M1 Money Supply Consists of