M1 is defined as a measure of money including,in part,
A)checkable deposits and currency.
B)time deposits and currency.
C)currency and savings deposits.
D)time deposits and money market fund deposits.
E)the lines of credit on credit cards and currency.

Question

Quizplus · Accepted Answer

M1 includes the most liquid forms of money, which are checkable deposits and currency. Time deposits, savings deposits, and money market fund deposits are not as liquid and are included in other measures of money such as M2 and M3. Lines of credit on credit cards are not considered actual money and are not included in any measure of money.

M1 Is Defined as a Measure of Money Including,in Part