M1 is comprised of currency held outside banks + traveler’s checks + __________.

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03-08-2017
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M1 is comprised of currency held outside banks + traveler’s checks + __________.

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andriansp andriansp · Answer 1 · 2017-08-09T10:41:53+02:00

andriansp andriansp

09-08-2017

M1 is comprised of currency held outside banks + traveler’s checks + Checkable Deposits
Checkable deposits are a bank account which contain the amount of fund that you could use to write a check. In most cases, as long as the amount is sufficient, there is no restriction or limitation for this account

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