Which of the following is not included in M1? Question 8 options: checkable deposits (checking accounts) savings deposits (savings accounts) currency and coins in circulation demand deposits Required reserves are the amount of Question 9 options:reserves a bank must hold against all its assets as mandated by the Federal Reserve. reserves a bank must hold against its deposits as mandated by the Federal Reserve. cash a bank must hold against its deposits as mandated by the Federal Reserve. checkable deposits a bank must hold against all other deposits as mandated by the U.S. Treasury. Fractional reserve banking is a term used to describe a banking system whereby Question 10 options: individual banks share a fraction of the total funds deposited in the whole banking system. banks are required to quote interest rates in fractions. banks hold reserves equal to a multiple of their deposit liabilities; that is, fractional in this case really means multiple. banks hold reserves equal to only a fraction of their deposit liabilities. banks are required to maintain a certain fraction of their deposits in the form of checkable deposits, a certain fraction of their deposits in the form of savings deposits, etc.