Which of the Following Items Is Included in the M1

question 66

Multiple Choice

Which of the following items is included in the M1 money supply?

• A)$10 bills in the Bank of America
• B)a $5,000 student loan granted to a U.S. citizen
• C)coins in a Pepsi vending machine, waiting to be used as change
• D)A $5,000 line of credit on a newly graduated student's credit card
• E)$1,500 in a student's saving account

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Definitions:

Whole Life Insurance

A type of permanent life insurance policy that provides coverage for the insured's entire life, typically including a savings component.

Premiums

Payments made for insurance coverage, representing the cost of the insurance policy to the holder, typically made on a regular basis.

Death Certificate

An official document issued by a government, recording the date, location, and cause of a person's death.

Permanent Record

A comprehensive and enduring documentation of an individual's history or actions, often referenced in educational or legal contexts.