When Kiya uses his debit card to make a purchase such as a television, the money to pay the retailer comes from his M1 funds.
What are M1 funds?
These are the most liquid forms of money such as checking accounts, savings accounts and actual cash.
The debit card is linked to checking and savings accounts so Kiya's purchase of the television will be paid for by M1 funds.
Find out more on M1 funds at https://brainly.com/question/14099953.
