The M1 definition of the money supply includes all of the following EXCEPT
A. savings accounts.
B. transaction deposits.
C. currency.
D. travelers checks.
Answer: A
You might also like to view...
For a firm hiring a resource in a perfectly competitive resource market, its demand curve for the resource is its
a. marginal product curve b. marginal revenue product curve c. marginal resource cost curve d. marginal revenue curve e. total revenue curve
Which of the following statements concerning perfect competition is not true?
a. Firms are price takers. b. The demand curve facing an individual firm is horizontal. c. A firm's demand curve is identical to its marginal revenue curve. d. The firms produce differentiated products. e. If a firm raises its price, it will lose all of its customers.
Which policy would a supply-sider prefer, an across-the-board tax reduction in income tax rates or a package of tax-relief measures that would give every household a $200 tax rebate and allow them to deduct the interest they pay on credit card purchases?
The primary purpose of bank regulation is to
A. assure that banks do not get into financial trouble. B. assure that banks lend to needy persons and businesses. C. assure that banks maintain a minimum level of profits. D. guarantee bank profitability and prevent stockholder losses.