Question

M1 refers to: Group of answer choices the smallest of the money-supply definitions. currency held by the public plus checking account balances. all of these. the most narrowly defined money supply definition.

Answer 1

all the options are correct

Step-by-step explanation:

M1 is the money supply that includes currency, coin, demand deposits, travelers' checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts. M1 is the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash.