Our basic money supply is

Question

Quizplus · Accepted Answer

M1 is the basic money supply that includes the most liquid forms of money, such as physical currency, checking account deposits, and traveler's checks. It is commonly used as a measure of the money supply in an economy. M2 and M3 include additional forms of money, such as savings accounts and time deposits, which are less liquid and therefore less commonly used as a medium of exchange. M4 and M5 are less common measures that include even less liquid assets, such as large time deposits and institutional money market funds.

Our Basic Money Supply Is