Chapter24: Money And The Federal Reserve System
Section: Chapter Questions
Problem 4SQ
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Question
![The largest component of the money supply (M1) is
Multiple Choice
currency in bank vaults.
currency in circulation.
О
checkable deposits.
stock certificates.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc73f23e3-b9fe-45de-99c6-8cf4c10d7ebc%2F2a011f4e-6da6-4561-8c90-b9e505763a12%2Fp5houq1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The largest component of the money supply (M1) is
Multiple Choice
currency in bank vaults.
currency in circulation.
О
checkable deposits.
stock certificates.
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