All of the following are true about the basic money supply except:
A) It includes credit card balances.
B) It includes currency held by the public.
C) It includes money kept in transactions accounts.
D) It is known as M1.

Question

Quizplus · Accepted Answer

The basic money supply, also known as M1, does not include credit card balances as they are considered part of the broader money supply, known as M2.

All of the Following Are True About the Basic Money