Which of the Following Statements Is True

question 5

Multiple Choice

Which of the following statements is true?

• A) In June 2012, of the three components of M1, the checkable deposits component was the largest.
• B) M1 is sometimes referred to as the "broad definition of the money supply".
• C) Time deposits are a part of M1, but not M2.
• D) M1 is a larger dollar amount than M2.