Which of the Following Is Not Included in M1

question 87

Multiple Choice

Which of the following is not included in M1?

• A)a $5 bill in your wallet
• B)$100 in your checking account
• C)$500 in your savings account
• D)All of the above are included in M1.

---

Definitions:

Budget Constraint

A limit on the consumption bundles that a consumer can afford given the prices of goods and the consumer's income.

Utility

The satisfaction or benefit derived from the consumption of goods and services.

Optimal Consumption Bundles

Combinations of goods and services that provide the highest utility to a consumer given his or her preferences and budget constraints.

Sardines

Small, oily fish within the herring family of Clupeidae, often canned and eaten by humans.