The bulk of the M1 money supply is made up of

Name: The bulk of the M1 money supply is made up of
Brand: Quizplus
Rating: 4.7 (44 reviews)

Question

Quizplus · Accepted Answer

Checkable deposits are the primary component of the M1 money supply, which includes demand deposits and other deposits in checking accounts. Travels checks and currency are also part of M1, but they make up a smaller percentage compared to checkable deposits. Federal Reserve notes are a liability of the Federal Reserve and are not considered part of the M1 money supply.

The Bulk of the M1 Money Supply Is Made Up