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The measure of readily available money, made of currency plus demand deposits, is:
AM1
BM4
CM6
DM9
Answer & Solution
Correct answer: A. M1
1. It is the narrower of the two measures.
2. The broader one adds time deposits.
3. It is M1.
_Source: OpenStax Introduction to Business, Chapter 15, Understanding Money and Financial Institutions._
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