Question

. Which combination of assets is considered to be money? currency in circulation and in bank vaults, checkable bank deposits, and traveler's checks currency in circulation and in bank vaults, checkable bank deposits, and credit cards currency in circulation, checkable bank deposits, and credit cards currency in circulation, checkable bank deposits, and traveler's checks

Answer 1

M1

Step-by-step explanation:

M1 and M2 money have several definitions, ranging from narrow to broad. M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks.

Answer 2

Currency in circulation and in bank vaults , checkable deposits and travelers' check

Step-by-step explanation:

Money is defined as a generally accepted medium of exchange and a measure of the value of good and services.

One key property of money is liquidity. That to qualify for money , an asset must be in a state that it can easily be converted to cash in a short space of time.

Money must also be durable , divisible ,portable and valuable.

.The only qualified option is Currency in circulation and in bank vaults , checkable deposits and travelers' check