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marysya [2.9K]
3 years ago
15

If you were given the task of totalling all the M1 money in circulation in the US, which of the following would you include in y

our calculations?
a. Demand deposits and other checking accounts
b. Currency
c. Savings accounts
Business
1 answer:
SVEN [57.7K]3 years ago
3 0

Answer:

A

B

Explanation:

M1 is the most liquid definition of money. M1 includes currency and coin, demand deposits, travellers' checks, other checkable deposits

Savings account is part of M2

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