Which of the following is included in M1?
A)savings accounts
B)money market deposit accounts
C)money market mutual funds
D)travelers' checks
E)None of the above are included.

Question

Which of the following is included in M1?
A)savings accounts 
B)money market deposit accounts 
C)money market mutual funds 
D)travelers' checks 
E)None of the above are included.

Quizplus · Accepted Answer

Travelers' checks are included in M1, as they are considered a form of currency that can be easily spent or exchanged. Savings accounts, money market deposit accounts, and money market mutual funds are not included in M1, as they are considered less liquid and not intended for day-to-day transactions.

Which of the Following Is Included in M1