Which of the Following Is NOT Included in the M1

question 139

Multiple Choice

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

• A) currency held outside banks
• B) currency held in bank vaults
• C) checking deposits at commercial banks
• D) checking deposits at credit unions

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Definitions:

Hot Spots

Plumes of hot mantle rising to the Earth's surface, often fixed beneath a tectonic plate, which create volcanic islands and seamounts as the plate moves overhead.

Rising Plume

A vertically ascending column of one fluid through another, typically used to describe hot, buoyant material rising through the Earth's mantle.

Crustal Expressions

Refers to the physical features present on the Earth's crust, which are a result of various geological processes.

Magma Chamber

A large underground pool of liquid rock found beneath the surface of the Earth.