All of the following are part of the M₁ money supply except A) $100 worth of dollar bills in the vault of American National Bank B) $50 worth of nickels in the hands of John Miller C) $500 in the checking account of Helen Smith D) $40 worth of pennies in the cash register of a Wal-Mart store

Question

Quizplus · Accepted Answer

The M₁ money supply includes currency in circulation among the public and balances in checking accounts, but not cash held in bank vaults, which is considered as reserves of the bank and not part of the money supply available to the public.

All of the Following Are Part of the M1 Money

All of the Following Are Part of the M₁ Money