What are the two major components of the M1 money supply?
What will be an ideal response?
The narrowly defined money supply is called M1 and has two principal components. One component is checkable deposits: They allow a person to transfer ownership of deposits to others by the writing of checks; these checks are generally accepted as a medium of exchange.
The other component is currency: It consists of coins that are token money, which means the value of the metal in the coin is less than the face value of the coin. It also consists of paper money in the form of Federal Reserve Notes.
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In the prisoners' dilemma game, each player has only one possible strategy
Indicate whether the statement is true or false
Points on the production possibilities frontier have the property that they
A) are inherently unattainable. B) show the maximum amount of leisure that can be consumed for given amounts of goods consumed. C) show the maximum amount of goods that can be consumed for given amounts of government spending. D) show the maximum amount of leisure that can be consumed for given amounts of hours worked.