In the narrowest definition of money, M1, savings accounts are excluded because they are a interest paying accounts. b not a medium of exchange. c a store of purchasing power. d not insured by federal deposit insurance. e available from financial institutions other than banks.
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Home » Business » In the narrowest definition of money, M1, savings accounts are excluded because they are a interest paying accounts. b not a medium of exchange. c a store of purchasing power. d not insured by federal deposit insurance.