Which of the following is not true about M1 (The most liquid component of the mo
ID: 1097247 • Letter: W
Question
Which of the following is not true about M1 (The most liquid component of
the money supply)?
It includes the most liquid forms of money
It is the narrowest definition of the money supply
Savings accounts makes up approximately one-third of it
Currency in circulation makes up approximately half of it.
It includes the most liquid forms of money
It is the narrowest definition of the money supply
Savings accounts makes up approximately one-third of it
Currency in circulation makes up approximately half of it.
Explanation / Answer
option C
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