Question

6) The components of the U.S. M1 money supply are demand deposits and other checkable deposits plus A) currency. B) currency plus savings deposits. C) currency plus traveler's checks. D) currency plus traveler's checks plus money market deposits.

Answer 1

The U.S. M1 money supply definition includes demand deposits, other checkable deposits and B) currency plus savings deposits.

What is M1 Money supply?

This represents the most liquid money instruments there are as they can be easily accessed by the population.

The most liquid instruments which are in M1 include:

• Currency
• Demand deposits
• Savings deposits
• Checkable deposits.

In conclusion, option B is correct.

Find out more on M1 money supply at https://brainly.com/question/25803402.