A Basic Argument for Using the M1 Concept of Money

question 58

Multiple Choice

A basic argument for using the M1 concept of money is that:

• A)it includes all of the important financial assets that have any degree of liquidity.
• B)the government collects data for the components of M1, but does not do so for M2 and M2+.
• C)its components are superior to other financial assets as a store of value.
• D)its components are directly and immediately spendable.

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