Question

the basic money supply (m1) in the united states consists primarily of: group of answer choices currency and checkable deposits. currency and government bonds. currency, checkable deposits, and government bonds. currency, checkable deposits, and credit card accounts.

Answer 1

The basic money supply (m1) in the united states consists primarily of currency and checkable deposits

What makes up the M1 money supply?

M1 is made up of two components: (1) cash that is not kept in the vaults of depository institutions, the U.S. Treasury, or the Federal Reserve Banks; and (2) demand deposits at commercial banks that aren't held by depository institutions, the U.S. government, or foreign banks and official institutions.

The following are the four parts of M1:

• Money in the shape of coins and bills.
• Demand deposits net.
• Checks for travellers.

A measurement of the total quantity of money in circulation is the M1 money supply. It comprises of M0, which are the coins and paper money that are in use today (in people's pockets), as well as publicly traded checking accounts.

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