Which of the following best comprise the components of the money suppy measure known as M1?     currency in circulation     currency, demand deposits, traveler's checks and other checkable deposits     currency, demand

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 1.2P
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Which of the following best comprise the components of the money suppy measure known as M1?

   

currency in circulation

   

currency, demand deposits, traveler's checks and other checkable deposits

   

currency, demand deposits, traveler's checks and other checkable deposits as well as savings deposits and money market mutual funds

   

money and bonds

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