Narrowly defined,the M1 money supply consists primarily of

Question

Quizplus · Accepted Answer

The M1 money supply includes the most liquid forms of money, which are readily available for spending, and are made up of physical currency and checkable deposits held by banks. Coins and currency (A and B) are a component of M1 but do not make up the primary component. Cash held by banks (C) is not considered part of M1, as it is not readily available for spending. Money market mutual fund accounts (E) are not included in the M1 money supply.

Narrowly Defined,the M1 Money Supply Consists Primarily of