Which of the following is NOT included using the transactions approach to measuring the money supply (M1)?
A) currency
B) certificates of deposit
C) transaction deposits
D) traveler's checks

Question

Quizplus · Accepted Answer

Certificates of deposit are time deposits, not transaction deposits, and are therefore not included in the transactions approach to measuring the money supply (M1). The other options (currency, transaction deposits, and traveler's checks) are all included in M1.

Which of the Following Is NOT Included Using the Transactions