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:

Comprehensive Environmental Response, Compensation and Liability Act

A U.S. federal law, enacted in 1980, intended to clean up sites contaminated with hazardous substances and pollutants.

Hazardous Waste

Waste materials that are harmful to human health or the environment due to their toxic, corrosive, ignitable, or reactive properties.

Remedial

Pertaining to remedies or actions taken to rectify, correct, or improve a legal situation or condition.

Removal

The act of transferring or relocating something or someone from one place to another.