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M-1 Definition of money supply

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All of the following are included in the M-1 definition of the money supply except:
a. currency
b. checking account deposits
c. traveler checks
d. savings account deposits

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Solution Summary

The M-1 definition of the money supply is analyzed. What is included in the definition is discussed.

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Money Supply definition 1 (M1): M1 is a measure of total money supply. M1 comprises the traditional ...

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