Multiple choice

M1 includes

  1. mutual funds

  2. credit cards

  3. checkable deposits

  4. money market instruments

  5. stock
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

'M1' is a measure of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, checking accounts and Negotiable Order of Withdrawal (NOW) accounts. Checkable deposits are any demand deposit account against which checks or drafts of any kind may be written.

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