Which of the following items is included in the M1 money supply?
A)$10 bills in the Bank of America
B)a $5,000 student loan granted to a U.S. citizen
C)coins in a Pepsi vending machine, waiting to be used as change
D)A $5,000 line of credit on a newly graduated student's credit card
E)$1,500 in a student's saving account

Question

Quizplus · Accepted Answer

Coins in a vending machine are considered part of the M1 money supply as they are physical currency in circulation and readily available for transactions.

Which of the Following Items Is Included in the M1