Question
All of the money readily available to the public, such as cash and checking accounts, is referred to as
a. M3.
b. commodity money.
c. an operating target.
d. M1.
e. an open money supply.
a. M3.
b. commodity money.
c. an operating target.
d. M1.
e. an open money supply.
Answers
GPT-4o mini
The correct answer is **d. M1.**
M1 includes the most liquid forms of money, such as cash and checking accounts, that are readily available for transactions.
M1 includes the most liquid forms of money, such as cash and checking accounts, that are readily available for transactions.