An equation for M1 is
A. M2 + Savings Accounts - Currency Held Outside Banks + Other Near Monies.
B. Money Market Accounts + Automatic-transfer Savings Accounts.
C. M2 - Savings Accounts - Money Market Accounts - Other Near Monies.
D. M2 + Near Monies.
Answer: C
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Which of the following describes a characteristic of a perfectly competitive market?
A) Equilibrium is achieved when demand for the product sold in the market equals the supply. B) There are many buyers and sellers. C) There are many sellers but few buyers. D) There are many buyers but few sellers.
If the 12-month interest rates for the United States and the United Kingdom are 6% and equal, and £1 = $2 in the spot market, then what do you expect the 12-month forward rate to be?
A) 2.10 B) 1.90 C) 2.00 D) 2.11
Which of the following represented the largest liability on the balance sheet of U.S. commercial banks in 2012?
A) checkable deposits B) loans C) nontransaction deposits D) borrowings
How does a self-contained unit benefit a firm?