The largest component of M1 is
A) currency and coins.
B) traveler's checks.
C) transaction deposits.
D) time deposit.

Name: The largest component of M1 is A) currency and coins. B) traveler's checks. C) transaction deposits. D) time deposit.
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Question

Quizplus · Accepted Answer

Currency and coins are the most liquid component of M1, which is a measure of the money supply that includes cash, demand deposits, and other liquid assets.

The Largest Component of M1 Is