Your checking account balance would be counted in which measure of money?
A) M1
B) M2
C) Hard money
D) It would be counted in both M1 and M2

Question

Quizplus · Accepted Answer

A checking account balance is considered part of both M1 and M2. M1 includes the most liquid forms of money, such as cash and checking deposits, while M2 includes all of M1 plus savings deposits, money market securities, and other near-money assets.

Your Checking Account Balance Would Be Counted in Which Measure