M1 refers to:
A) Federal Reserve Notes and gold certificates.
B) currency held by the public plus checking account balances.
C) the largest of the money-supply definitions.
D) bank loans.

Question

Quizplus · Accepted Answer

M1 is a measure of the money supply that includes currency held by the public (e.g. cash) and checking account balances. This definition does not include bank loans or gold certificates, and it is not necessarily the largest of the money-supply definitions (depending on how the money supply is defined and measured).

M1 Refers To