All of the following assets are included in M1 except:
A)currency.
B)demand deposits.
C)traveller's cheques.
D)money market deposit accounts.

Name: All of the following assets are included in M1 except: A)currency. B)demand deposits. C)traveller's cheques. D)money market deposit accounts.
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Question

Quizplus · Accepted Answer

Money market deposit accounts are not included in M1; they are part of M2. M1 includes currency, demand deposits, and traveler's cheques.

All of the Following Assets Are Included in M1 Except