Which of the components of M1 is legal tender? multiple choice 3Checkable depositsCoinsSavings depositsCurrency

M1 is comprised of currency held outside banks + travelers checks + _____________.Group of answer choicescredit cardssavings depositsgoldcheckable depositsmoney market mutual funds

From the list below, select all that are relevant to M1 money.Multiple select question.Currency (coins and paper money) in the hands of the publicChequable deposits in commercial banks and ‘thrift’ or savings institutions on which cheques of any size can be drawn, at any time and as often as desiredShort and medium term deposits which require some time to be drawn

What is the money in the form of currency and checkable deposits in commercial banks called?Multiple choice question.M1S1S2GDP

M2 money supply includes which of the following in addition to M1?  A. Foreign currency deposits  B. Post office savings deposits  C. Currency held by public  D. Commercial paper

Money that some authority has declared legal tender is called:Question 3Select one:a.fiat money.b.currency.c.convertible paper money.d.commodity money.