Along with currency not in banks and deposits in checking accounts, what is another component of the M1 measure of money?
A) credit cards
B) debit cards
C) traveler's checks
D) prepaid accounts

Question

Quizplus · Accepted Answer

Traveler's checks are considered a component of the M1 measure of money, as they are a widely accepted form of payment that can be easily converted into cash. Credit cards, debit cards, and prepaid accounts are not included in M1, as they represent forms of credit and do not involve physical currency.

Along with Currency Not in Banks and Deposits in Checking