The largest component of the U.S.money supply,narrowly defined,is
A) coins.
B) currency.
C) demand and other checkable deposits.
D) savings deposits.
E) credit cards.

Question

Quizplus · Accepted Answer

Demand and other checkable deposits, such as money in checking accounts, make up the largest component of the U.S. money supply, narrowly defined. This includes money held by individuals, businesses, and banks. Coins and currency are forms of physical currency, while savings deposits are considered part of the broader definition of the money supply. Credit cards are not considered part of the money supply, as they are a form of debt and not a medium of exchange.

The Largest Component of the U.S.money Supply,narrowly Defined,is