Which One of the Following Is the Largest Component of the Money

question 29

Multiple Choice

Which one of the following is the largest component of the money supply (M1) in the United States?

• A) demand and other checking deposits
• B) gold certificates
• C) credit cards and traveler's checks
• D) Federal Reserve notes

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Definitions:

Vigilant Investors

Investors who actively monitor and evaluate their investments and market conditions to protect and grow their assets.

Investment Fund Managers

Individuals or entities responsible for making investment decisions on behalf of fund shareholders, aiming to achieve specified investment objectives.

Lower Interest Rates

Reduced rates at which interest is charged on borrowed funds, typically intended to stimulate economic growth by making borrowing cheaper.