The smallest single component of M1 is
A) demand deposits.
B) savings account balances.
C) other checkable deposits.
D) traveler's checks.

Question

Quizplus · Accepted Answer

Traveler's checks are the smallest component of M1, as they are less commonly used compared to other components like demand deposits, savings account balances, and other checkable deposits. M1 primarily includes liquid forms of money that are readily available for spending.

The Smallest Single Component of M1 Is