Which of the following is not part of M1?
A)Transaction accounts
B)Checking accounts
C)Time deposits
D)Traveler's checks

Question

Quizplus · Accepted Answer

M1 includes currency (coins and paper money) in circulation, demand deposits (checking accounts), traveler's checks, and other checkable deposits (such as negotiable order of withdrawal accounts and automatic transfer service accounts). Time deposits, such as certificates of deposit, are not included in M1 as they cannot be used as a medium of exchange for transactions.

Which of the Following Is Not Part of M1