M-1 is the money supply term that refers to money that can be accessed quickly and easily.
This refer to the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.
The M1 money supply composed of currency, demand deposits and other liquid deposits such as savings deposits
The formula for getting the M1 is Currency + traveler check + checking account deposits.
Therefore, the M-1 is the money supply term that refers to money that can be accessed quickly and easily.
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