Series 65: M1

Taken from our Series 65 - NASAA Uniform Investment Advisor Law Exam

Definition of the term M1...

one of the three measures of the money supply in the U.S. M1 is physical money, which includes notes and coins in circulation, as well as funds that can be spent immediately, such as checking and other accounts against which checks can be written. It also includes traveler's checks. It is the narrowest measure of the money supply that is tracked by economists.

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