Which one of the following is NOT a part of the M1 definition of money?
A) paper currency (i.e., Federal Reserve notes)
B) coins
C) savings accounts
D) checkable and debitable accounts

Question

Quizplus · Accepted Answer

Savings accounts are part of M2 definition of money, which includes M1 plus savings accounts, small time deposits, and money market mutual funds. M1 only includes the most liquid forms of money, such as physical currency, coins, and checking accounts that can be accessed with a debit card or checks.

Which One of the Following Is NOT a Part of the M1