Multiple Choice
Refer to the given list of assets. 1. Large-denominated ($100,000 and over) time deposits
2) Savings deposits
3) Currency (coins and paper money) in circulation
4) Small-denominated (under $100,000) time deposits
5) Stock certificates
6) Checkable deposits
7) Money market deposit accounts
8) Money market mutual fund balances held by individuals
9) Money market mutual fund balances held by businesses
10) Currency held in bank vaults
The M1 definition of money includes item(s)
A) 6 only.
B) 3, 4, and 6.
C) 3 and 6.
D) 3, 6, and 10.
Correct Answer:

Verified
Correct Answer:
Verified
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