An official measure of money in the United States is M1,which includes the sum of

Question

Quizplus · Accepted Answer

M1 includes currency (physical dollars and coins) as well as checkable deposits (the money you can easily access through your checking account). Option A includes small time deposits, which are not as easily accessible as checkable deposits and thus not included in M1. Option C refers to credit card transactions, which are not considered part of the money supply. Option D includes traveler's checks and time deposits, but not checkable deposits. Option E includes many additional types of deposits beyond M1.

An Official Measure of Money in the United States Is