The largest component of the money supply (M1) Is: O Currency O Checkable deposits O Small time deposits Savings deposits
Answer
Currency is the correct answer
currency is the largest component of money
supply , components of money supply are currancy + checkable
deposits but currency is the largest component
that is above 51 percent .
M1 money supply includes those money that are very liquid like
cash, checkable, and travelers check
Saving deposit and small time deposits includes in M2 money
supply and it is less liquid in nature .
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