Which of the Following Is NOT Included in the M1

question 139

Multiple Choice

Which of the following is NOT included in the M1 measure of money?

• A) currency held outside banks
• B) currency held in bank vaults
• C) checking deposits at commercial banks
• D) checking deposits at credit unions

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Definitions:

Intellectual Disability

A term used to describe a significantly reduced ability to understand new or complex information and to learn and apply new skills.

Divergent Thinking

Type of thinking in which a person starts from one point and comes up with many different ideas or possibilities based on that point.

Circular Thinking

A form of reasoning in which the conclusion is also used as one of the premises, often leading to logical fallacies.

Convergent Thinking

Type of thinking in which a problem is seen as having only one answer, and all lines of thinking will eventually lead to that single answer, using previous knowledge and logic.