Which of the following functions like money but is not included in M1?

Name: Which of the following functions like money but is not included in M1?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money-market mutual funds are not included in M1 because they are not directly spendable like cash or checking accounts, but they still function like money in that they are highly liquid and can be quickly converted into cash. Checking accounts, cash, and traveler's checks are all included in M1.

Which of the Following Functions Like Money but Is Not