The largest proportion of M1 is made up of
A) currency.
B) checkable deposits.
C) traveler's checks.
D) savings deposits.

Question

Quizplus · Accepted Answer

The largest proportion of M1, which is a measure of the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits, is made up of checkable deposits. This category surpasses physical currency in volume within the M1 money supply definition.

The Largest Proportion of M1 Is Made Up of