Currency and ________ are money according to the definition of money that is known as M1.
A)demand deposits
B)stocks
C)savings deposits
D)Canada Savings Bonds

Question

Quizplus · Accepted Answer

According to the definition of money known as M1, currency (physical money) and demand deposits (checking accounts) are considered as money. Stocks, savings deposits, and Canada Savings Bonds are not included in M1.

Currency and ________ Are Money According to the Definition of Money