The M1 definition of money is
A. Currency outside banks and checking deposits
B. Currency outside banks, checking deposits and travellers checks
C. Currency outstanding and checking deposits
D. Currency outstanding, checking deposits and money market deposit accounts
Answer:B
The M1 definition of money is
A. Currency outside banks and checking deposits B. Currency outside banks, checking deposits and travellers checks C. Currency outstanding and checking deposits D. Currency outstanding, checking deposits and money market deposit accounts