After some discussion on another thread about the problem of getting accurate voltmeter readings with Modified Sine Wave inverters, I did a little testing. My results agree with the general comment that AC voltmeters will read low on MSW waveforms, UNLESS the meter is a "True RMS" type. These are generally expensive, but to my surprise the inexpensive "Kill A Watt" meter read "True RMS" even though it's not labeled as such in most places. It is mentioned in the operator's manual.
Results follow:

Digital Scope Waveform "Pure Sine Wave"
Kill a Watt Reading of Pure Sine Wave
Fluke 189 "True RMS" and Simpson 160 Analog Readings of "Pure Sine Wave" - Both read 122 volts also.
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Scope Waveform of "Modified Sine Wave"
Kill a Watt Reading of Modified Sine Wave
Fluke 189 Reading of Modified Sine Wave
NOW FOR THE READINGS OF NON "True RMS" Meters
Simpson 160 reading 97 Volts
Fluke 77 reading 100 volts.
I have no affiliation with Kill a Watt, but I am just reporting what I have found. Considering all the functions that it performs, I find it to be a very useful meter at a low price.
If anyone else has found an inexpensive DVM that reads "True RMS", please post.