What is included in the M-1 money supply?Multiple choice question.checkssavings accountsmutual fundscertificates of deposit

The M-1 money supply includes:

1. Checks: These are written orders that instruct a bank to pay a specific amount of money from the check writer's account to the person or entity named on the check.

2. Savings Accounts: These are not included in the M-1 money supply. M-1 only includes the most liquid forms of money, such as currency and checking accounts. Savings accounts are considered less liquid and are included in the M-2 money supply.

3. Mutual Funds: These are not included in the M-1 money supply. Mutual funds are investment vehicles and not considered as liquid as the components of M-1.

4. Certificates of Deposit: These are not included in the M-1 money supply. Certificates of deposit (CDs) are time deposit accounts offered by banks with a specific, fixed term and, usually, a fixed interest rate. They are included in the M-2 money supply.

So, the correct answer to the multiple-choice question is "checks".