alleryStart learning →The measure covering currency plus demand deposits is called:
AM4
BM1
CM2
DM3
Answer & Solution
Correct answer: B. M1
1. It counts the most readily available money.
2. Longer term deposits are excluded.
3. That measure is M1.
_Source: OpenStax Introduction to Business 2e, Chapter 15, Understanding Money and Financial Institutions._
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