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

M1 includesQuestion 2Answera.currency in circulation, savings account balances, checking account deposits in banks, and holdings of traveler's checks.b.currency in circulation, checking account deposits in banks, and holdings of traveler's checks.c.currency in circulation, savings account balances, and checking account deposits in banks.d.coins, savings account balances, traveler's checks.

M2 includes M1 plusQuestion 7Answera.currency in circulation, checking account deposits in banks, and holdings of traveler's checks.b.savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares.c.currency in circulation, savings account balances, and small-denomination time deposits.d.checking account deposits, large-denomination time deposits, and noninstitutional money market fund shares.

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

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

For each of the following assets, indicate which of the monetary aggregates (M1 and M2)includes them:a. Currencyb. Money market mutual fundsc. Small-denomination time depositsd. Checkable deposits