Transaction money is
A) M1.
B) M2.
C) M3.
D) M4.

Name: Transaction money is A) M1. B) M2. C) M3. D) M4.
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Question

Quizplus · Accepted Answer

Transaction money refers to money that is readily available for everyday transactions, such as cash and checking account balances. M1 is the narrowest definition of money supply and includes currency, demand deposits, and other checkable deposits. Therefore, M1 represents transaction money, making A) the best choice.

Transaction Money Is