Which of the following would not be counted as part of M1?
A)Paper money
B)Demand deposits
C)Savings deposits
D)Travelers' checks
E)Currency

Question

Quizplus · Accepted Answer

Savings deposits are considered a part of M2, not M1. M1 includes the most liquid forms of money such as physical currency (paper money and coins) and demand deposits (checking accounts). Travelers' checks and currency would both be considered part of M1.

Which of the Following Would Not Be Counted as Part