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Do federal gold reserves count as M1 money? A. No, gold is not part of M1...

  1. Do federal gold reserves count as M1 money?

    A.

    No, gold is not part of M1 money
    B.

    No, but gold is included in M2 money
    C.

    Yes, gold is counted as part of checkable deposits
    D.

    Yes, gold is counted as part of currency
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Answer #1

A) No, gold is not part of M1 money

M1 money includes coins and currency which is circulation in the economy , it includes liquid assets .

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