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1. Large-denominated ($100,000 and over) time deposits 2. Noncheckable savings deposits 3. Currency (coins and paper money) in circulation 4. Small-denominated (under $100,000) time deposits 5. Stock certificates 6. Checkable deposits 7. Money market deposit accounts 8. Money market mutual fund balances held by individuals 9. Money market mutual fund balances held by businesses 10. Currency held in bank vaultsThe M1 definition of money comprises item(s):

a.) 6 only.
b.) 3, 4, and 6.
c.) 3 and 6.
d.) 3, 6, and 10.

User Daryle
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1 Answer

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Answer:

c.) 3 and 6.

Step-by-step explanation:

The M1 definition of money comprises of Currency (coins and paper money) in circulation and Checkable deposits.

User King Reload
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