M1 consists of
A. coins, paper currency, and travelers checks.
B. coins, paper currency, travelers checks, and amounts in checking accounts.
C. coins, paper currency, travelers checks, and amounts in checking accounts and savings accounts.
D. coins, paper currency, travelers checks, and amounts in checking accounts and retail money-market mutual funds.
Answer: B
You might also like to view...
An effective opening for a bad-news message
a. notes the date of the message being answered. b. expresses gratitude for the time the receiver took to write. c. provides an immediate answer to the receiver's request. d. makes a neutral comment related to the main idea.
An enabling statute delegates judicial power to an administrative agency to investigate potential violations of rules or statutes
Indicate whether the statement is true or false
In the context of modes of transportation, ships have limited availability.
Answer the following statement true (T) or false (F)
Commercial paper would be considered appropriate for funding which types of corporate needs?
A) the purchase of capital equipment with lives of 5 years or longer B) seasonal needs for a retail firm C) financing long-term property purchases D) all of the above