Refer to the Following Table to Answer the Following Questions

question 9

Multiple Choice

Refer to the following table to answer the following questions:
-Which of the following is NOT a component of M1?

• A) coins
• B) traveler's checks
• C) checking accounts
• D) savings accounts
• E) paper currency

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Definitions:

Castilian Export Economy

Refers to the historical economic model of the Castile region of Spain, focusing on exporting goods, especially during the 16th and 17th centuries.

Sixteenth Century

The period from 1501 to 1600, marked by significant events such as the Renaissance, the Reformation, and the Age of Exploration.

Wool

A natural fiber obtained from sheep and other animals, used for textiles and fabrics because of its warmth and durability.

Dutch Reclamation

The process of creating land from sea, lakes, or swamps in the Netherlands, involving the use of dikes and drainage canals.