Question

M1 is the

narrowest
definition of
Money and only
includes the most
liquid assets.
Which of the
following is NOT in
M1?
A. coins
B. money market funds
C. checking account

Answer 1

B. money market funds

Step-by-step explanation:

The most limited definition of money, M1, consists just of cash and various bank accounts that allow check writing. Money in circulation includes cash, traveler's checks, demand deposits, and other types of checkable deposits.