Which of the Following Is Not Included in M1

question 31

Multiple Choice

Which of the following is not included in M1?

• A)currency
• B)demand deposits
• C)traveler's checks
• D)credit cards

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Definitions:

Units of Output

The quantity of goods or services produced by a company, individual, or industry.

Variable Cost

Costs that are directly influenced by the scale of manufacturing.

Monthly Lease

A contract outlining the rental agreement for a property on a month-to-month basis.

Health Insurance

Health Insurance is a type of insurance coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.