The measure of the nation's money supply that includes only currency and coin held by the public plus transaction (payments) accounts is known as:
A) M1
B) M2
C) M3
D) Debt
E) None of the above

Question

Quizplus · Accepted Answer

M1 is the measure of the money supply that includes all physical currency and coin, demand deposits, traveler's checks, and other checkable deposits. It is the most liquid form of money and typically includes assets that are used for everyday transactions.

The Measure of the Nation's Money Supply That Includes Only