Which of the following is not included in the M1 category?

Question

Quizplus · Accepted Answer

M1 includes currency (notes and coins in circulation) and checkable deposits (such as checking accounts). Traveler's checks are also included in M1 as they can be easily converted to currency. However, savings deposits are not included in M1 as they typically have restrictions on withdrawals and are not considered as readily available for spending as currency and checkable deposits.

Which of the Following Is Not Included in the M1