Which of the Following Is Not a Component of M1

question 3

Multiple Choice

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

---

Definitions:

Bankruptcy

A legal status of a person or entity that cannot repay the debts it owes to creditors, often leading to a legal process intended to resolve the outstanding debts.

Joint And Several

A legal term referring to multiple parties being collectively or individually responsible for the entirety of a debt or obligation.

Contract Obligations

Contract obligations are duties that parties are legally bound to perform as specified in a contract agreement.

Marshaling Of Assets

The legal process of prioritizing and organizing a debtor's assets to satisfy the claims of multiple creditors.