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Mademuasel [1]
3 years ago
15

What is true of the M1 category of money?

History
1 answer:
stich3 [128]3 years ago
4 0

Answer:

It can be easily liquidated. All types of money supplies that include coin, currency, drafts, travellers cheques and negotiable order of withdrawal (NOW) accounts fall within the M1 category of money. These types of money supplies are either cash or can be easily converted to cash.

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