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Money and Its Functions · Question 37 of 57

Question 37

EasyOriginal question

Which measure of money is the most liquid?

M2Correct answerYour answerM1Correct answerYour answerM3Correct answerYour answerM4Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

M1 contains only currency and deposits that can be spent at once.

Concept: Most liquid measure
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsThe supply of money: M1 to M4

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