Which of the following assets are counted in M1?
A) transaction deposits
B) mutual funds accounts
C) bonds
D) line of credit

Question

Quizplus · Accepted Answer

Only transaction deposits are counted in M1, which includes checking accounts, traveler's checks, and other demand deposits that can be easily converted into cash. Mutual funds accounts, bonds, and line of credit are considered as financial assets but not included in M1.

Which of the Following Assets Are Counted in M1