Money Market Deposit Accounts (MMDAs)

Multiple Choice

Money market deposit accounts (MMDAs)

A) are included in M1 since they have check writing privileges
B) are included in M1 since they are bank deposits and federally insured
C) are not included in M1 since they put a limit on the number of checks that can be written
D) are not included in M1 since they are not insured by the FDIC
E) are not included in M1 since they are held at brokerage houses