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Which of the following is NOT an example of M1 money? a. currency c. travelers’ checks b. a mutual fund d. a checking account

Which of the following is NOT an example of M1 money? a. currency c. travelers’ checks b. a mutual fund d. a checking account
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Which of the following is NOT an example of M1 money?

a. currency
c. travelers’ checks
b. a mutual fund
d. a checking account

asked
User Ankit Gujarati
by
8.3k points

2 Answers

2 votes

answer: A Mutual Fund

answered
User Paulo Coutinho
by
7.6k points
4 votes
A mutual fund is not an example of M1 money, whereas currency, travelers' checks, and a checking account are.
answered
User Gnuvince
by
8.0k points
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