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2 years ago

contains funds you have in your bank checking account as travelers' checks and the currency in circulation in the economy.

1 answer:

3 0

M1 contains funds you have in your bank checking account as travelers' checks and the currency in circulation in the economy.

<h3>What exactly is M1?</h3>

Currency, demand deposits, and other liquid deposits, such as savings accounts, make up M1, which is the money supply. Due to the fact that M1 contains assets and currencies that are either already cash or can be swiftly changed into cash, it is the most liquid element of the money supply. M2 and M3's "near money" and "near, near money," which fall under these categories, cannot, however, be changed to money as rapidly.

How to Determine M1?

The coins and notes of the Federal Reserve that are in circulation outside of the vaults of depository institutions and the Federal Reserve Banks make up the M1 money supply, also known as bills or paper money. The mainstay of a country's monetary system is paper money.

M1 also comprises demand deposits, other checkable deposits (OCDs), traveler's checks (issued by non-banks), NOW accounts at depository institutions, and credit union share draft accounts.

M1 covers securities that are easily redeemable and in circulation for the majority of central banks. However, the term varies a little bit depending on where you are.

Learn more about M1 with the help of the given link:

brainly.com/question/15584887

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2 years ago

Jordan has the following assets and liabilities: Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans $3,000

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If he uses that money to pay off his mortgage, his wealth would increase to $209,000 if he puts that money in his checking account, his wealth would increase to $209,000.

A person's wealth is calculated by deducting their liabilities from assets. In this case Jordan's wealth is;

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3 years ago

The high-low method calculates the total fixed cost as the: Group of answer choices

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c. difference between total variable costs and total costs at a particular activity level

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Fixed Cost is thereafter calculated by subtracting Total Variable Costs from Total Cost

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3 years ago

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