Which of the following is not part of M1? a) current accounts b) personal saving deposits...

Which of the following is not part of M1?

a) current accounts

b) personal saving deposits

c) personal chequing deposits

d) currency

Expert Solution

The right answer is option A, that is, current accounts, because current accounts is not part of M1 measure of the money supply as M1 measure of money supply includes the currency which is in the most liquid form, such as the people's money in personal saving deposits, checking deposits etc.

Rahul Sunny answered 2 years ago

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