Which of the Following Is NOT Included in the M1

question 121

Multiple Choice

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

• A) checking deposits
• B) currency
• C) traveler's checks
• D) savings deposits

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Definitions:

Ratify

To formally approve or confirm an agreement or act, making it officially valid.

Breach

The failure to perform obligations as stipulated in a contract, leading to potential legal consequences.

Liability

The state of being legally responsible for something, especially in terms of debts or legal obligations.

Nuisance

An act, condition, or thing unreasonably interfering with the use or enjoyment of land or property of another.