Which of the Following Are Not Included in M1

question 24

Multiple Choice

Which of the following are not included in M1?

• A) negotiable orders of withdrawal
• B) automatic transfer service accounts
• C) money market deposit accounts
• D) credit union share draft accounts

---

Definitions:

National Income Accounting

A system used by a country to measure the overall economic activity, including the total income earned by the nation and how it's used.

Net Capital Outflow

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreign residents over a specific period.

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach, arguing that exchange rates should equalize the price of the basket of goods in each country.

Price Level

An index that measures the average of current prices across a variety of goods and services compared to a base year.