Which of the following is NOT included in M1?
A) currency
B) checking deposits owned by individuals
C) saving deposits
D) traveler's checks

Name: Which of the following is NOT included in M1? A) currency B) checking deposits owned by individuals C) saving deposits D) traveler's checks
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Question

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M1 includes currency, checking deposits, and traveler's checks but does not include savings deposits. Savings deposits are considered part of M2, which is a broader measure of the money supply.

Which of the Following Is NOT Included in M1