Which of the following compose the M2 money supply?
A. currency only
B. currency, checkable deposits, and traveler's checks
C. M1 plus large denomination time deposits and Eurodollar deposits
D. M1 plus savings deposits and small-denomination time deposits
Answer: D
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Spending on programs that Congress authorizes ________ is known as discretionary spending
A) after approval from the Federal Reserve B) on an off-budget emergency basis C) by prior law D) on an annual basis
If we observe that when the price of chocolate increases by 10%, quantity demanded falls by 5%, then the demand for chocolate is price inelastic
a. True b. False Indicate whether the statement is true or false
The variation in the rate of return one can expect from ownership of stocks will generally be smaller
A) if a diverse set of stocks is held over a lengthy period of time, such as 30 or 40 years. B) if all of the funds are invested in a specific sector of the economy such as health care. C) if all of the funds are invested in a single stock. D) if the funds are invested for a relatively short period of time.
Which of the following is not included in M2?
a) coins b) gold c) savings accounts d) retail money market mutual funds e) overnight repurchase agreements