Which of the following is NOT included in the M1 money supply?
A) currency B) passbook savings accounts
C) traveler's checks D) checkable and debitable accounts
B
You might also like to view...
Which is considered fiat money?
(a) Greenbacks (b) Gold coins (c) Silver dollars (d) Silver certificates
People who buy stock in a corporation such as General Electric become
a. creditors of General Electric, so the benefits of holding the stock depend on General Electric's profits. b. creditors of General Electric, but the benefits of holding the stock do not depend on General Electric's profits. c. part owners of General Electric, so the benefits of holding the stock depend on General Electric's profits. d. part owners of General Electric, but the benefits of holding the stock do not depend on General Electric's profits.
Alex, a resident of the United States, has accrued capital gains and she died prior to the realization of her gains. Which of the following is true of Alex's capital gains?
A. Her capital gains are tax free. B. Her capital gains are transferred to government revenue. C. Her heirs cannot sell her asset immediately. D. Her heirs cannot hold her assets.
The contemporary consensus with regard to stabilization policy is that
A. fiscal policy is, for now, the “only game in town.” B. fiscal policy is more effective than monetary policy. C. monetary policy is, for now, the “only game in town.” D. monetary policy is slightly more effective than fiscal policy.