A Basic Argument for Using the M1 Concept of Money

Multiple Choice

A basic argument for using the M1 concept of money is that:

A) it includes all of the important financial assets that have any degree of liquidity.
B) the government collects data for the components of M1, but does not do so for M2 and M2+.
C) its components are superior to other financial assets as a store of value.
D) its components are directly and immediately spendable.