In the United States, the money supply (M1) consists of:

Question

Quizplus · Accepted Answer

M1 includes physical currency (coins and paper bills) as well as checkable deposits, which are funds held in a checking account and accessible through a debit card, check, or online transfer. Savings deposits are not included in M1 as they are less liquid and cannot be spent as easily as checkable deposits. Government bonds also do not count as part of the money supply as they are not a medium of exchange.

In the United States, the Money Supply (M1) Consists Of