Why Are Checking Account Balances Included in the M1 Definition

question 130

Multiple Choice

Why are checking account balances included in the M1 definition of the money supply?

• A)They are a traditional form of money that pre-dates paper money.
• B)They are used to make so many payments.
• C)They are backed by gold and silver.
• D)They pay interest.

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Definitions:

Trigone

A triangular area located in the urinary bladder, situated between the openings of the ureters and the urethra, which remains stable while the rest of the bladder expands or contracts.

Bladder

A hollow organ in the lower abdomen that stores urine before it is expelled from the body.

Pelvis

The lower part of the torso in humans and other vertebrates, consisting of the pelvis bones which surround and protect organs like the bladder and reproductive organs.

Nephron

The functional unit of the kidney, involved in the process of filtering the blood to form urine.