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12 January, 01:12

What is true of the M1 category of money?

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  1. 12 January, 01:33
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    M1 includes cash and checking deposits, while near money refers to savings deposits, money market securities, mutual funds and other time deposits. These assets are less liquid than M1 and not as suitable as exchange mediums, but they can be quickly converted into cash or checking deposits.

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