Answer the question on the basis of the following list of assests 1. large denom

Question

Answer the question on the basis of the following list of assests

1.  large denominated (100,000 and more) time deposits

2.  Non checable saving deposits

3.  Currency (coins and paper money) in circulation

4.  small-denominated (less than $100,000) time deposits

5.  stock certifcates

6.  checkable deposits

7.  Money market deposit accounts

8.  Money market mutual fundbalances held by individuals

9.  Money market mutual fund balances held by businesses

10.  Currency held in bank vaults

Refer to list above.  The m1 definition of money comprises item (s)

a.  6 only

b. 3,4,and6

c.  3 and 6

d.  3,6,10

Explanation / Answer

c. 3 and 6

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