Which One of the Following Items Is Not Included in the M1

question 92

Multiple Choice

Which one of the following items is not included in the M1 definition of money?

• A)currency outside banks.
• B)personal chequable deposits
• C)non- personal chequable deposits
• D)fixed term deposits
• E)Neither C nor D are part of M1.

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Definitions:

Theodore Weld

A prominent leader in the American abolitionist movement during the early and mid-19th century, known for his powerful oratory and anti-slavery publications.

Sin

An act considered to be a transgression against divine law or ethical principles, often associated with religious belief systems.

Colonization Society

Often refers to organizations like the American Colonization Society, founded in the early 19th century to support the migration of free black people to Africa.