Explanation:

- Time deposits: These are fixed deposits in banks that cannot be withdrawn on demand. They are not included in the most commonly measured money supply (like M1), but may be included in broader measures such as M2 or M3.

- Coins and Currency: This includes notes and coins held by the public, which are always included in the money supply.

- Demand Deposits: These are funds in bank accounts that can be withdrawn at any time (like in savings or current accounts). They are a core part of the money supply.

- None: This option suggests all given items are included in the money supply, which isn't entirely correct for the narrow definition.

Option 1 (Time deposits) is the right answer, as they are not part of the narrow money supply (M1) but may be counted in broader aggregates.