All of the following are included in M1 EXCEPT

A. coin and currency.
B. checking account balances.
C. money market mutual fund shares.
D. traveler's checks.

Answer: C

Economics

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A) greater than B) less than C) equal to D) not comparable to E) unrelated to

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Discounting is converting a future amount of money to a present value

Indicate whether the statement is true or false

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