Question
Demand deposits are
included in M1
considered to be a near money
not included in either M1 or M2
also called time deposits
included in M1
considered to be a near money
not included in either M1 or M2
also called time deposits
Answers
Answered by
GPT-4o mini
Demand deposits are **included in M1**.
M1 is a category of the money supply that includes physical currency, demand deposits, and other liquid assets that can be quickly converted to cash. Unlike time deposits, which are considered part of M2 and are less liquid, demand deposits can be accessed immediately without any waiting period.
M1 is a category of the money supply that includes physical currency, demand deposits, and other liquid assets that can be quickly converted to cash. Unlike time deposits, which are considered part of M2 and are less liquid, demand deposits can be accessed immediately without any waiting period.
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