The M1 Money Supply Is Composed of

question 176

Multiple Choice

The M1 money supply is composed of

• A) all coins and paper money held by the general public and the banks.
• B) bank deposits of households and business firms.
• C) bank deposits and mutual funds.
• D) checkable deposits and currency in circulation.

---

Definitions:

Written Contract

A formal document that outlines the terms, conditions, rights, and responsibilities agreed upon by the parties involved.

Postaffiliation

The phase or stage that follows the establishment of a connection or alliance between groups or individuals.

Preaffiliation

The initial stage or process of forming connections or associations with a group or organization prior to becoming a formal member.

Family

A social unit consisting of individuals related by blood, marriage, or adoption, who live together and provide emotional, financial, and social support to each other.