Which of the components of m1 is legal tender?

Which of the components of m1 is legal tender? The largest component of M1 is currency (54 percent), and it is the only part that is legal tender. If the face value of a coin were not greater than its intrinsic (metallic) value, people would remove coins from circulation and sell them for their metallic … Continue reading Which of the components of m1 is legal tender?