Why are savings accounts not considered a component of M-1, whereas checking accounts are?
What will be an ideal response?
Answer: M-1 comprises all currency in circulation and immediately available for circulation. This includes checks, since it makes the currency in a checking account immediately useable. On the other hand, currency in a savings account is not available for immediate use, since it needs to be withdrawn physically from the bank in order to enter circulation. Like time deposits and money market mutual funds, savings deposits are not quite as liquid as checks and other M1 forms of money.
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______ are the interactions between management and unionized employees.
A. Labor relations B. Grievance C. Collective bargaining D. Contracts
A(n) ________ word is one capable of having more than one meaning in the context of certain facts
A) ambiguous B) definite C) certain D) hypothetical
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A. new buy B. straight rebuy C. generic buy D. modified rebuy E. adapted buy