Which of the Following Is Not Included in the Narrowest

question 84

Multiple Choice

Which of the following is not included in the narrowest definition of the money supply or M1?

• A)Currency in circulation.
• B)Transactions account balances.
• C)Credit card balances.
• D)Traveler's checks.

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Definitions:

Interest Dates

Specific dates on which interest payments are due to be paid on a loan or bond.

Cash Paid

The total amount of cash outlay by a company during a specific period for expenses, acquisitions, or investments.

Semiannual Interest

The payment of interest on a loan or bond twice a year.

Bond Interest Expense

The cost incurred by an issuer of bonds for the interest payments made to bondholders.