Which one of the following items is not included in the M1 definition of money?
A)currency outside banks.
B)personal chequable deposits
C)non-personal chequable deposits
D)fixed term deposits
E)Neither B nor D are part of M1.

Question

Quizplus · Accepted Answer

Fixed term deposits are not included in the M1 definition of money, as they are not considered immediately liquid assets. The other options are all part of M1, as they are readily available for use as medium of exchange. Option E is not the best choice, as it includes an incorrect option (B is included in M1).

Which One of the Following Items Is Not Included in the M1