1. M1 includes more than just currency because
A. people hold money as other stores of value such as savings accounts and money market mutual funds.
B. other assets can also be used to make transactions to buy goods and services.
C. the federal mint makes a profit from printing currency as dollar bills.
D. the government wants to be able to quote that there is a large amount of money in the economy.
2. The amount of U. S. currency outstanding averages to about $2,800 per person in the U. S. This large amount of currency per person can be partially explained because
A. many U. S. dollars are held outside of the country by foreigners.
B. most people carry large quantities of currency in their wallets and purses.
C. rich people hold massive amounts of currency in vaults and safes, which makes the average large.
D. All of the above.
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