M1 is a measure of
A) money and includes both currency and checking deposits.
B) liquidity and in which the most liquid asset is money.
C) money and includes both savings deposits and currency.
D) money and includes both savings deposits and money market mutual funds.

Question

Quizplus · Accepted Answer

M1 is a measure of money that includes the most liquid forms of money, such as currency (physical cash and coins) and checking deposits. These are assets that can be quickly and easily converted to cash for transactions.

M1 Is a Measure of