what is true of the m1 category of money? it is not usually in circulation. it cannot be quickly exchanged…
what is true of the m1 category of money? it is not usually in circulation. it cannot be quickly exchanged. it can be easily liquidated. it is in investment accounts.
Answer
Brief Explanations:
M1 money supply includes physical currency, demand - deposits, traveler's checks, and other checkable deposits. These components are highly liquid and can be easily converted into cash or used for transactions. They are in circulation and can be quickly exchanged. Investment accounts are not part of M1.
Answer:
It can be easily liquidated.