Which of the following is NOT included in the measure of M1?
A)NOW accounts
B)demand deposits
C)currency
D)savings deposits

Question

Quizplus · Accepted Answer

Savings deposits are not included in the measure of M1. M1 is a measure of the money supply that includes the most liquid forms of money, such as currency, demand deposits (checking accounts), and NOW accounts. Savings deposits are considered less liquid and are therefore included in broader measures of the money supply, such as M2 or M3.

Which of the Following Is NOT Included in the Measure